58-2609. Bond of surviving partner. - Kansas Statutes

58-2609

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 26.--TOWNSITES, LOTS AND PLATTED LANDS

      58-2609.   Bond of surviving partner.Before any surviving partner or partners shall be entitled to demand ofthe heirs at law of a deceased partner conveyances pursuant to K.S.A.58-2604 or to commence an action against minor heirspursuant to K.S.A. 58-2606, he or she shall give to the executor oradministrator (if any) of such deceased partner a bond, in such sum andwith such surety as the judge of the district court of the county wherethe lands or the greater part thereof are situate shall in writing thereon approve assufficient, conditioned that after settlement of the partnership businessand payment of the partnership debts, and final accounting with allsurviving partners and all executors and administrators of deceasedpartners, he or she will pay to such executor or administrator such sumsas may be found due from him or her; and if there be several surviving partners,each of them severally shall give a like bond, to be approved as aforesaid, or indefault thereof such as do give bond shall have the sole control of theassets of the copartnership, and until a final accounting be aloneentitled to receive any portion of the avails of the sale of said lands.

      History:   G.S. 1868, ch. 109, § 20; R.S. 1923, 67-609; L. 1976,ch. 145, § 207; Jan. 10, 1977.