8565 - Power of estate of deceased or incompetent partner. - Pennsylvania Statutes

§ 8565. Power of estate of deceased or incompetent partner. (a) General rule.--If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage his person or his property, the executor, administrator, guardian, conservator or other legal representative of the partner may exercise all of the rights of the partner for the purpose of settling his estate or administering his property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor. (b) Cross reference.--See section 8532 (relating to events of withdrawal).