Section 121-706. Power of estate of deceased or incompetent partner

Subject to subdivision (f) of section 121-402  of  this  article,  if  a
  partner  who  is an individual dies or a court of competent jurisdiction
  adjudges him to be incompetent to manage his person or his property, the
  partner's executor, administrator, guardian, conservator or other  legal
  representative  may exercise all of the partner's rights for the purpose
  of settling his estate or  administering  his  property,  including  any
  power under the partnership agreement of an assignee 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.