§47B-6-1. 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;
§47B-6-2. 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 subdivision (1), section one, article six of this chapter. (b) A partner's dissociation is wrongful only if: (1) It is in breach of an express provision of the partnership agreement; or
§47B-6-3. Effect of Partner's Dissociation
(a) If a partner's dissociation results in a dissolution and winding up of the partnership business, article eight of this chapter applies; otherwise, article seven of this chapter applies. (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 otherwise provided in […]
§47B-7-1. Purchase of Dissociated Partner's Interest
(a) If a partner is dissociated from a partnership without resulting in a dissolution and winding up of the partnership business under section one, article eight of this chapter, the partnership shall cause the dissociated partner's interest in the partnership to be purchased for a buyout price determined pursuant to subsection (b) of this section. […]
§47B-4-5. Actions by Partnership and Partners
(a) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership. (b) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting […]
§47B-4-6. Continuation of Partnership Beyond Definite Term or Particular Undertaking
(a) If a partnership for a definite term or particular undertaking is continued, without an express agreement, after the expiration of the term or completion of the undertaking, the rights and duties of the partners remain the same as they were at the expiration or completion, so far as is consistent with a partnership at […]
§47B-5-1. Partner Not Coowner of Partnership Property
A partner is not a coowner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.
§47B-5-2. Partner's Transferable Interest in Partnership
The only transferable interest of a partner in the partnership is the partner's share of the profits and losses of the partnership and the partner's right to receive distributions. The interest is personal property.
§47B-5-3. Transfer of Partner's Transferable Interest
(a) A transfer, in whole or in part, of a partner's transferable interest in the partnership: (1) Is permissible;
§47B-3-3. Statement of Partnership Authority
(a) A partnership may file a statement of partnership authority, which: (1) Must include: