Sec. 32.06.405. Actions by partnership and partners.

217 words·~1 min read·/ak/title-32/chapter-6/32-06-405

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.

(b)A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting of partnership business, to enforce

(1)the partner's rights under the partnership agreement;

(2)the partner's rights under this chapter, including the partner's

(A)rights under AS 32.06.401 , 32.06.403, or 32.06.404;

(B)right on dissociation to have the partner's interest in the partnership purchased under AS 32.06.701 or to enforce any other right under AS 32.06.601 — 32.06.603 or 32.06.701 — 32.06.705; or

(C)right to compel a dissolution and winding up of the partnership business under AS 32.06.801 or to enforce another right under AS 32.06.801 — 32.06.807; or

(3)the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

(c)The accrual of, and any time limitation on, a right of action for a remedy under this section are governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.