The term "pro socio" is a Latin phrase that translates to "on behalf of a partnership." In legal contexts, it refers to actions taken to enforce rights or seek relief for the benefit of a partnership. Typically, a pro socio action is used when a partner seeks an account of partnership assets or profits, particularly when they have been denied equal participation in partnership matters.
Pro socio actions are primarily used in civil law, particularly in partnership disputes. This term is relevant in cases where partners may need to address issues of account sharing or property rights during the existence of the partnership. Users can manage some of these situations with legal forms designed for partnership agreements and disputes, available through services like US Legal Forms.
Here are a couple of examples of abatement:
Example 1: In a partnership where one partner has been excluded from decision-making and profit-sharing, they may file a pro socio action to seek an account of the partnership's financials and assets.
Example 2: A partner who believes that the partnership's resources are being mismanaged can initiate a pro socio action to ensure fair access to partnership property. (hypothetical example)
| State | Pro Socio Application |
|---|---|
| California | Allows pro socio actions during partnership existence under specific conditions. |
| New York | Similar provisions exist, but the process may vary based on partnership agreements. |
| Texas | Pro socio actions are recognized, but partners must prove denial of access to partnership assets. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Partnership Action | A general term for any legal action taken by or against a partnership. | Pro socio specifically refers to actions taken on behalf of a partner. |
| Account Action | A legal action to seek an accounting of partnership profits and losses. | Pro socio can be a type of account action but is focused on partnership rights. |
If you find yourself in a situation where a pro socio action may apply, consider the following steps:
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Pro socio means "on behalf of a partnership," referring to actions taken to protect partnership rights.