58-2603. Death of partner, effect; rights of survivors.
58-2603
58-2603. Death of partner, effect; rights of survivors.In case of the death of any one or more of the members of suchcopartnership, whether such death shall have heretofore taken place orshall hereafter take place, such lands, whether the legal title thereof bein such company or association or any of them, or held in trust for them,or in whatsoever manner or in whose name soever the legal title is or shallbe held, shall be deemed assets of such copartnership, and the survivor orsurvivors shall have the right to sell and dispose of the same pursuant tosuch agreement, and to collect the debts and close up all the business ofthe copartnership in like manner and with like effect as if the property ofsaid copartnership were personal property only, and shall account to andwith the representative of the deceased partner annually, and pay to him or herall money in his, her or their hands belonging to said decedent's estate; andon a final settlement shall pay as aforesaid all the money arising from saidassets and belonging to said deceased partner; and such final accountingshall be made at or before the final settlement of said estate.
History: G.S. 1868, ch. 109, § 14; Oct. 31; R.S. 1923, 67-603.