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).
When faced with a difficult legal situation, you want to make certain you have the best representation and legal team in your corner. At Perry Law, our attorneys and support team are here to ensure you the most sound advice and legal counsel possible. Perry Law is a regional law firm with attorneys licensed in Arizona, Florida, Idaho, Oregon, and Washington. The firm represents over seventy years of combined legal experience.