§1043.__Partner's rights and duties with respect to information

1.__Books and records at chief executive office.__A partnership shall keep its books and records, if any, at its chief executive office.

2.__Access to books and records.__A partnership shall provide partners and their agents and attorneys access to its books and records.__It shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners.__The right of access provides the opportunity to inspect and copy books and records during ordinary business hours.__A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished.

3.__Furnishing of information.__Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability:

A.__Without demand, any information concerning the partnership's business and affairs reasonably required for the proper exercise of the partner's rights and duties under the partnership agreement or this chapter; and

B.__On demand, any other information concerning the partnership's business and affairs, except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances.

Comment

(This is Section 403 of the Uniform Partnership Act (1997).)

1. Subsection (a) provides that the partnership's books and records, if any, shall be kept at its chief executive office. It continues the UPA Section 19 rule, modified to include partnership records other than its "books," i.e., financial records. The concept of "chief executive office" comes from UCC Section 9103(3)(d). See the Comment to Section 106.

Since general partnerships are often informal or even inadvertent, no books and records are enumerated as mandatory,