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The Florida Senate

2004 Florida Statutes

SECTION 155
Power of estate of deceased or incompetent partner.
Section 620.155, Florida Statutes 2004

620.155  Power of estate of deceased or incompetent partner.--If a partner who is an individual dies or a court of competent jurisdiction adjudges a partner who is an individual to be incompetent to manage his or her person or property, the partner's executor, administrator, guardian, conservator, or other legal representative may exercise all the partner's rights for the purpose of settling the partner's estate or administering his or her property, including any power the partner had to give an assignee the right 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.

History.--s. 45, ch. 86-263; s. 134, ch. 97-102.