PARTNERSHIP -- UNIFORM PARTNERSHIP ACT--RIGHT OF SURVIVING PARTNER TO PURCHASE PARTNERSHIP PROPERTY

Authors

Melvin J. Spencer, University of Michigan Law SchoolFollow

Abstract

Defendants, administrators of the estate of the deceased partner, agreed with the surviving partner to continue the partnership hotel business, with the approval of the probate court. After some operation, the surviving partner sued to compel the administrators to sell him the interest of the deceased at a value to be judicially determined. Defendants cross-complained, asking the court to liquidate the business and award them the amount of the interest of the deceased in the proceeds. Held, reversing the decree below, the assets of the dissolved partnership should be liquidated, in accord with defendants' prayer. Zach v. Schulman, (Ark. 1948) 210 S.W. (2d) 124.

Recommended Citation

Melvin J. Spencer, PARTNERSHIP -- UNIFORM PARTNERSHIP ACT--RIGHT OF SURVIVING PARTNER TO PURCHASE PARTNERSHIP PROPERTY, 47 Mich. L. Rev. 430 (1949).
Available at: https://repository.law.umich.edu/mlr/vol47/iss3/23