Section 29Part 4 — Relations of Partners to One Another
Accountability of partners for private profits
←→ Navigate · Click subsection badges to collapse · Press ? for help
Every partner must account to the firm for any benefit derived by that partner without the consent of the other partners from any transaction concerning the partnership, or from any use by that partner of the partnership property, name or business connection.
This section applies also to transactions undertaken after a partnership has been dissolved by the death of a partner, and before the affairs thereof have been completely wound up, either by any surviving partner or by the executors.