Perry Law, P.C. Blog
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Published On: October 14th, 2012 | Author: Perry Law, P.C. | Category: Business Startup, Finance and Governance Idaho
Under Idaho Statute § 53-3-103(2) a partnership agreement may not unreasonably restrict the right of access to books and records. Limiting access to during normal business hours or charging a fee to cover the costs of labor and material will most likely not be found unreasonable. Furthermore, a partnership agreement may not unreasonably restrict the right to be furnished with information on demand regarding the partnership’s business and affairs within the parameters of 53-3-403(c).
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