Can majority partner sell building asset without the consent of the minor partner?

S

steveyd

Registered User
Messages
65
Hi,

Can any one tell me the following?

In a partnership of two people (one being majority partner). CAn the majority partner sell building asset of the partnership without the consent of minor partner?


Thanks, any info would be helpful.
 
Re: Partnership law query

Since you mention that the partnership is not an equal one, i.e. majority / minority, then terms relating to business assets ( among other matters) should all be set out in the partnership agreement anyway, you need to check that document.
 
Re: Can majority partner sell building asset without the consent of the minor partner

Ive expanded the title "Partnership law query" somewhat to reflect the question more accurately.
 
Re: Can majority partner sell building asset without the consent of the minor partner

ajapale said:
Ive expanded the title "Partnership law query" somewhat to reflect the question more accurately.
Click to expand...

eh..no you haven't!
 
Last edited:
Also you'll have to post details of how the asset is held- in joint names? Or other wise? Assume by building asset you mean property? It's a little unclear.
 
Was the building owned by the partnership or by one partner and rented by the partnership? Are you in fact a limited company?
 
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