§1061. Events causing partner’s dissociation A partner is dissociated from a partnership upon the occurrence of any of the following events: [PL 2005, c. 543, Pt. A, §2 (NEW).] 1. Notice of express will to withdraw. The partnership’s having notice of the partner’s express will to withdraw as a partner or on a later […]
§1062. Partner’s power to dissociate; wrongful dissociation 1. By express will. A partner has the power to dissociate at any time, rightfully or wrongfully, by express will pursuant to section 1061, subsection 1. [PL 2005, c. 543, Pt. A, §2 (NEW).] 2. Wrongful dissociation. A partner’s dissociation is wrongful only if: A. It […]
§1063. Effect of partner’s dissociation 1. Appreciation of law. If a partner’s dissociation results in a dissolution and winding up of the partnership business, subchapter 8 applies; otherwise, subchapter 7 applies. [PL 2005, c. 543, Pt. A, §2 (NEW).] 2. Internal effects of partner’s dissociation. Upon a partner’s dissociation: A. The partner’s right […]
