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2017 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 070 - Limited Partnerships
Section 70.305 - Death, incompetency, dissolution or termination of partner.
Universal Citation: OR Rev Stat § 70.305 (2017)
(1) If a partner who is an individual dies or a court of competent jurisdiction adjudges the partner to be incompetent to manage the partner’s 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 partner’s estate or administering the partner’s property, including any power the partner held to give an assignee the right to become a limited partner.
(2) 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. [1985 c.677 §44]
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