Section 43. Partner accountable as a fiduciary  


Latest version.
  • 1. Every partner must
      account to the partnership for any benefit, and hold as trustee  for  it
      any  profits  derived  by  him without the consent of the other partners
      from  any  transaction  connected  with  the  formation,   conduct,   or
      liquidation of the partnership or from any use by him of its property.
        2.  This  section  applies  also  to the representatives of a deceased
      partner engaged in the liquidation of the affairs of the partnership  as
      the personal representatives of the last surviving partner.