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2018 Georgia Code 14-8-20 | Car Wreck Lawyer

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 8. Partnerships, 14-8-1 through 14-8-64.

ARTICLE 3 CORPORATIONS ORGANIZED FOR RELIGIOUS, FRATERNAL, OR EDUCATIONAL PURPOSES

14-8-20. Responsibility of partners to reveal true information to representative of deceased partner.

Partners shall render, to the extent the circumstances render it just and reasonable, true and full information of all things affecting the partners to any partner and to the legal representative of any deceased partner or of any partner under legal disability.

(Code 1981, §14-8-20, enacted by Ga. L. 1984, p. 1439, § 1.)

COMMENT

Note to Uniform Partnership Act This section states the partners' duty of disclosure to the other partners.

Prior Georgia Law There was no precisely comparable provision. This section is generally consistent with the partners' duty of good faith set forth in prior O.C.G.A. § 14-8-40 and with the general duty to communicate in connection with confidential relations and under other appropriate circumstances set forth in O.C.G.A. § 23-2-53. Confidential relations are defined in O.C.G.A. § 23-2-58 to include "the relationship between partners." The duty set forth in § 14-8-20 applies after dissolution of the partnership, as is indicated by the reference to disclosure to the legal representative of any deceased partner.

Official UPA This section differs from the official version in explicitly requiring disclosure without the necessity of a demand; in clarifying that the extent of the required disclosure depends on the circumstances; and in clarifying that the duty to disclose is owed to the legal representative of a disabled partner.

Cross-References Partner's right to examine the partnership books: § 14-8-19. Partner's right to a full accounting of partnership affairs: § 14-8-22.

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, §§ 718 et seq., 722 et seq., 739 et seq.

C.J.S.

- 68 C.J.S., Partnership, §§ 120 et seq., 331, 348, 350, 351.

Cases Citing Georgia Code 14-8-20 From Courtlistener.com

Total Results: 1

Rollins v. Rollins

Court: Supreme Court of Georgia | Date Filed: 2015-11-23

Citation: 298 Ga. 161, 780 S.E.2d 328, 2015 Ga. LEXIS 904

Snippet: breach of trust.” 13 See OCGA § 14-8-20. 14 At that point, none of the S-Trusts