- Statute
- Civil Code
- Article
- Art. 1842
- Topic
- Dissolution and Winding Up
- Status
- In force
- Book
- BOOK IV Obligations and Contracts
- Title
- TITLE IX PARTNERSHIP
- Chapter
- CHAPTER 3 Dissolution and Winding Up
- Year
- 1949
- Cited by
- Multiple Supreme Court decisions
The provision
The right to an account of his interest shall accrue to any partner, or his legal representative as against the winding up partners or the surviving partners or the person or partnership continuing the business, at the date of dissolution, in the absence of any agreement to the contrary. (n)
Intellegal Wiki · In plain terms
Upon a partnership's dissolution, a partner or their legal representative gains the right to an accounting of their interest as of the dissolution date. This right runs against the partners winding up the business, the surviving partners, or whoever continues it, unless the partners agreed otherwise.
An editorially maintained plain-language explanation of this provision — not legal advice.
Cases applying this article
- Dan Fue Leung v. Hon. Intermediate Appellate Court
- Emilio Emnace v. Court of Appeals
- Sunga-Chan v. Chua G.R. No. 143340
Related provisions in this Chapter
Browse the Civil Code
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