Search This Blog

A Blog about Real Estate, How it Can Be Damaged, and Disputes Over its Transfer

This blog is a personal blog written to discuss legal issues affecting Georgia property, and how it is damaged, transferred, and fought over. I write this partly to keep abreast of the law, and partly to offer a forum for my writing. In order to find content, I often analyze Georgia Supreme Court decisions. I try to update this blog as I can, but writing is a time consuming process.

Sunday, May 20, 2012

Partners Owe Fiduciary Duties

Partners in a business owe a fiduciary duty of utmost good faith to one another. This duty is stated in a Georgia statute and is not discretionary to the partners. O.C.G.A. Section 23-2-58.
One partner cannot dissolve a partnership in order to take the business and partnership investments. He is required to act in a manner for the good of his partner as well as for the good of the partnership itself. Jordan v. Moses, Case No. S11G1772 (May 7, 2012, Ga. Supreme Court).

No comments:

Post a Comment