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Partner Could Not be Expelled for Exercising Rights Under Partnership Agreement

Article Abstract:

The court found and held that a partner can not be expelled by a general partnership for the sole reason that such partner asked for access to the firm's books and records in accordance with their partnership agreement.

Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Journal of Partnership Taxation
Subject: Business
ISSN: 0749-4513
Year: 1998
Disclosure statements (Accounting)

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Partnership Goodwill Not a Distributable Asset of Firm to Former Partner

Article Abstract:

The Supreme Court of New York held that goodwill or the firm name is not a distributable asset because the financial statements implied and the partnership agreement expressed it to be so.

Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Journal of Partnership Taxation
Subject: Business
ISSN: 0749-4513
Year: 1998
Goodwill (Business)

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Subjects list: United States, Cases, Partnership, Partnerships
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