(805 ILCS 206/403)
Sec. 403.
Partner's rights and duties with respect to information.
(a) A partnership shall keep its books and records, if any, at its chief
executive office.
(b) A partnership shall provide partners and their agents and attorneys
access to its books and
records. It shall provide former partners and their agents and attorneys
access to books and
records pertaining to the period during which they were partners. The right of
access provides
the opportunity to inspect and copy books and records during ordinary business
hours. A
partnership may impose a reasonable charge, covering the costs of labor and
material, for copies
of documents furnished.
(c) Each partner and the partnership shall furnish to a partner, and to the legal representative
of a deceased partner or partner under legal disability:
(1) without demand, any information concerning the partnership's business and affairs |
| reasonably required for the proper exercise of the partner's rights and duties under the partnership agreement or this Act; and
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(2) on demand, any other information concerning the partnership's business and affairs,
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| except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances.
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(Source: P.A. 92-740, eff. 1-1-03.)
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