It has thus been stated that in the absence of charter or statutory restrictions, non-stock corporations may determine who shall be admitted to membership and how they shall be admitted.  Section 36. Securities and Exchange Commission (SEC) En Banc in SEC-AC No. 545 ACC, a copy of which is attached as Annex B. 9. A violation of this paragraph by a corporation formed under this chapter renders each member personally liable for all debts of the corporation. (c) Business office.--A corporation must have a regular business office. 1990 Amendment.

The partnership books shall be kept, subject to any agreement between the partners, at the principal place of business of the partnership, and every partner shall at all times have access to and may inspect and copy any of them. Partners shall render on demand true and full information of all things affecting the partnership to any partner or the legal representative of any deceased partner or partner under legal disability. (a) General rule.--Every partner must account to the partnership for any benefit and hold as trustee for it any profits derived by him without the consent of the other partners from any transaction connected with the formation, conduct or liquidation of the partnership or from any use by him of its property. (b) Personal representative.--Subsection (a) applies also to the representatives of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representatives of the last surviving partner , cited: Practice Basics: Corporate download pdf download pdf.

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