8334 - Partner accountable as fiduciary. - Pennsylvania Statutes

§ 8334. Partner accountable as fiduciary. (a) General rule.--Every partner must account to the partnership for any benefit and hold as trustee for it any profits derived by him without the consent of the other partners from any transaction connected with the formation, conduct or liquidation of the partnership or from any use by him of its property. (b) Personal representative.--Subsection (a) applies also to the representatives of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representatives of the last surviving partner. Cross References. Section 8334 is referred to in sections 8205, 8335 of this title.