620.8403

Partner’s rights and duties with respect to information.

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620.8403 Partner’s rights and duties with respect to information.—

(1) A partnership shall keep its books and records, if any, at the chief executive office of the partnership.

(2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished.

(3) Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability:

(a) Without demand, any information concerning the partnership’s business and affairs reasonably required for the proper exercise of the partner’s rights and duties under the partnership agreement or this act; and

(b) Upon demand, any other information concerning the partnership’s business and affairs, except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances.

History.—s. 13, ch. 95-242.

Notes of Decisions

Cited in 3 cases (1 in the last 5 years), 2005–2023 · leading case: Larmoyeux v. Montgomery

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Larmoyeux v. Montgomery (2007) fladistctapp · cites it 6× “He also filed a complaint in circuit court, seeking a court order compelling Montgomery to grant him access to the Firm's financial and accounting records pursuant to section 620.8403(2), Florida Statutes (2001).”

Michael Urfirer v. Robert Cornfeld (2005) ca11 “Fla. Stat. § 620.8403 (2). Although this language appears unambiguous, the Corn-felds argue that this provision applies only to general partners, not to limited partners like Urfirer.”

Roche Freedman LLP v. Jason Cyrulnik (2023) nysd “Fla. Stat. § 620.8403 (3). And, Florida Statutes § 620.”

— 620.8403(2) — 1 case

Larmoyeux v. Montgomery (2007) fladistctapp “He also filed a complaint in circuit court, seeking a court order compelling Montgomery to grant him access to the Firm's financial and accounting records pursuant to section 620.8403(2), Florida Statutes (2001).”

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