North Carolina § 59-74 - Surviving partner to give bond.
Full text of North Carolina North Carolina General Statutes § 59-74 — Surviving partner to give bond., with citation guidance and answers to common questions.
§ 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. History (1915, c. 227, ss. 1, 2, 3; C.S., s. 3277.) Cross References. - As to death of partner causing dissolution of partnership, see G.S. 59-61. Legal Periodicals. - For article, "The Creation of North Carolina's Limited Liability Corporation Act," see 32 Wake Forest L. Rev. 179 (1997).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 59-74
What does North Carolina General Statutes § 59-74 cover?
Section 59-74 ("Surviving partner to give bond.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 59-74?
A common citation format is "North Carolina General Statutes § 59-74" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-74 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.