The property rights of a partner are:
(1) His right in specific partnership property,
(2) His interest in the partnership, and
(3) His right to participate in the management.
N.C. Gen. Stat. § 59-54
Extent of property rights of a partner
Known as the North Carolina Uniform Partnership Act
The act spans §§ 59–59 (46 sections).
Applied in 2 court decisions — leading case Simmons v. Quick-Stop Food Mart, Inc. (1982)
Most recently applied in Gillespie v. Majestic Transp., Inc. (September 2016)
1941, c. 374, s. 24.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.