2005 Minnesota Statutes - 322A.59 — Power of estate of deceased or incompetent partner.

     322A.59 Power of estate of deceased or incompetent 
  partner. 


    If a partner who is an individual dies or a court of 
 competent jurisdiction adjudges that partner to be incompetent 
 to manage person or property, the partner's executor, 
 administrator, guardian, conservator, or other legal 
 representative may exercise all the partner's rights for the 
 purpose of settling the estate or administering the property, 
 including any power the partner had to give an assignee the 
 right to become a limited partner.  If a partner is a 
 corporation, trust, or other entity and is dissolved or 
 terminated, the powers of that partner may be exercised by its 
 legal representative or successor. 


    HIST: 1980 c 582 art 5 s 43; 1986 c 444