Section 323A.0601 — Events Causing Partner’s Dissociation.
323A.0601 EVENTS CAUSING PARTNER’S DISSOCIATION. A partner is dissociated from a partnership upon the occurrence of any of the following events: (1) the partnership’s having notice of the partner’s express will to withdraw as a partner or on a later date specified by the partner; (2) an event agreed to in the partnership agreement as […]
Section 323A.0602 — Partner’s Power To Dissociate; Wrongful Dissociation.
323A.0602 PARTNER’S POWER TO DISSOCIATE; WRONGFUL DISSOCIATION. (a) A partner has the power to dissociate at any time, rightfully or wrongfully, by express will pursuant to section 323A.0601(1). (b) A partner’s dissociation is wrongful only if: (1) it is in breach of an express provision of the partnership agreement; or (2) in the case of […]
Section 323A.0603 — Effect Of Partner’s Dissociation.
323A.0603 EFFECT OF PARTNER’S DISSOCIATION. (a) If a partner’s dissociation results in a dissolution and winding up of the partnership business, sections 323A.0801 to 323A.0807 apply; otherwise, sections 323A.0701 to 323A.0705 apply. (b) Upon a partner’s dissociation: (1) the partner’s right to participate in the management and conduct of the partnership business terminates, except as […]