304-A:28 Partner’s Interest Subject to Charging Order. – I. On due application to a superior court by any judgment creditor of a partner, the court may charge the interest of the debtor partner with payment of the unsatisfied amount of such judgment debt with interest thereon; and may then or later appoint a receiver […]
304-A:29 Dissolution Defined. – The dissolution of a partnership is the change in the relation of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business. Source. 1973, 378:1, eff. Aug. 29, 1973.
304-A:3 Interpretation of Knowledge and Notice. – I. A person has "knowledge" of a fact within the meaning of this chapter not only when he has actual knowledge thereof, but also when he has knowledge of such other facts as in the circumstances shows bad faith. II. A person has "notice" of a fact […]
304-A:30 Partnership Not Terminated by Dissolution. – On dissolution the partnership is not terminated, but continues until the winding up of partnership affairs is completed. Source. 1973, 378:1, eff. Aug. 29, 1973.
304-A:31 Causes of Dissolution. – Dissolution is caused: I. Without violation of the agreement between the partners: (a) By the termination of the definite term or particular undertaking specified in the agreement. (b) By the express will of any partner when no definite term or particular undertaking is specified. (c) By the express will […]
304-A:32 Dissolution by Decree of Court. – I. On application by or for a partner the court shall decree a dissolution whenever: (a) A partner has been declared mentally incompetent in any judicial proceeding or is shown to be of unsound mind. (b) A partner becomes in any other way incapable of performing his […]
304-A:33 General Effect of Dissolution on Authority of Partner. – Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership, I. With respect to the partners, (a) When the dissolution is […]
304-A:34 Right of Partner to Contribution From Co-Partners After Dissolution. – Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to the co-partners for such partner’s share of any liability created by any partner acting for the partnership as if the partnership had not been […]
304-A:35 Power of Partner to Bind Partnership to Third Persons After Dissolution. – I. After dissolution a partner can bind the partnership except as provided in paragraph III: (a) By any act appropriate for winding up partnership affairs or completing transactions unfinished at dissolution; (b) By any transaction which would bind the partnership if […]
304-A:36 Effect of Dissolution on Partner’s Existing Liability. – I. The dissolution of the partnership does not of itself discharge the existing liability of any partner. II. A partner is discharged from any existing liability upon dissolution of the partnership by an agreement to that effect between himself, the partnership creditor and the person […]
304-A:37 Right to Wind Up. – Unless otherwise agreed, the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving partner, not bankrupt, has the right to wind up the partnership affairs; provided, however, that any partner, his legal representative or his assignee, upon cause shown, may obtain […]
304-A:38 Right of Partners to Application of Partnership Property. – I. When dissolution is caused in any way, except in contravention of the partnership agreement, each partner as against his co-partners and all persons claiming through them in respect of their interests in the partnership, unless otherwise agreed, may have the partnership property applied […]
304-A:39 Rights Where Partnership is Dissolved for Fraud or Misrepresentation. – Where a partnership contract is rescinded on the ground of the fraud or misrepresentation of one of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled: (a) To a lien on, or right of retention of, […]
304-A:4 Rules of Construction. – I. The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter. II. The law of estoppel shall apply under this chapter. III. The law of agency shall apply under this chapter. IV. This chapter shall be so […]
304-A:40 Rules for Distribution. – In settling accounts between the partners after dissolution, the following rules shall be observed, subject to any agreement to the contrary: I. The assets of the partnership are: (a) The partnership property, (b) The contributions of the partners specified in paragraph IV of this section. II. The liabilities of […]
304-A:41 Liability of Persons Continuing the Business in Certain Cases. – I. When any new partner is admitted into an existing partnership, or when any partner retires and assigns (or the representative of the deceased partner assigns) his rights in partnership property to 2 or more of the partners, or to one or more […]
304-A:42 Rights of Retiring or Estate of Deceased Partner When the Business is Continued. – When any partner retires or dies, and the business is continued under any of the conditions set forth in RSA 304-A:41, I, II, III, V, or in RSA 304-A:38, II(b) without any settlement of accounts as between him or […]
304-A:43 Accrual of Actions. – The right to an account of his interest shall accrue to any partner, or his legal representative, as against the winding up partners or the surviving partners or the person or partnership continuing the business at the date of dissolution, in the absence of any agreement to the contrary. […]
[This subdivision was enacted by the New Hampshire General Court and is not a part of the national Uniform Partnership Act.] 304-A:44 Registered Limited Liability Partnerships. – I. To become a registered limited liability partnership, a partnership shall file with the secretary of state a registration stating: (a) The name of the partnership. (b) […]
304-A:45 Name of Registered Limited Liability Partnership. – The name of a registered limited liability partnership: I. Shall contain the words " limited liability partnership " or the abbreviation " L.L.P. " or " LLP " as the last words or letters of its name. II. Except as authorized by paragraphs III and IV, […]
