59-74. Surviving partner to give bond.
Upon the death of any member of a partnership, the surviving partner shall, within 30 days, execute before the clerk of the superior court of the county where the partnership business was conducted, a bond payable to the State of North Carolina, with sufficient surety conditioned upon the faithful performance of his duties in the settlement of the partnership affairs. The amount of such bond shall be fixed by the clerk of the court; and the settlement of the estate and the liability of the bond shall be the same as under the law governing administrators and their bonds. (1915, c. 227, ss. 1, 2, 3; C.S., s. 3277.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 3 - Surviving Partners.
§ 59-74 - Surviving partner to give bond.
§ 59-75 - Effect of failure to give bond.
§ 59-76 - Surviving partner and personal representative to make inventory.
§ 59-77 - When personal representative may take inventory; receiver.
§ 59-78 - Notice to creditors.
§ 59-79 - Debts paid pro rata; liens.
§ 59-80 - Effect of failure to present claim in six months.
§ 59-81 - Procedure for purchase by surviving partner.
§ 59-82 - Surviving partner to account and settle.