Partnership Law Act 2019

Relationship of partners to third persons and to each other - Relationship of partners to one another

54: Duty of partners to provide accounts and full information on things affecting partnership

You could also call this:

"Partners must share all information about the partnership with each other"

You and your partners must be honest and open with each other about everything that affects your partnership. This means you need to share true and complete information about all things related to your partnership. You have to do this not just with your partners, but also with anyone who is legally representing a partner. This rule helps make sure everyone in the partnership knows what's going on and can make good decisions together.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206054.


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"Partners can't be kicked out unless everyone agreed to it earlier"


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Part 3Relationship of partners to third persons and to each other
Relationship of partners to one another

54Duty of partners to provide accounts and full information on things affecting partnership

  1. Partners must provide true accounts and full information of all things that affect the partnership to any partner or any partner’s legal representatives.

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