29-1051. Events causing partner’s dissociation A partner is dissociated from a partnership on 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 […]
29-1052. 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 29-1051, paragraph 1. B. A partner’s dissociation is wrongful only if either: 1. It is in breach of an express provision of the partnership agreement. 2. In the […]
29-1053. Effect of partner’s dissociation A. If a partner’s dissociation results in a dissolution and winding up of the partnership business, article 8 of this chapter applies. Otherwise, article 7 of this chapter applies. B. On a partner’s dissociation: 1. The partner’s right to participate in the management and conduct of the partnership business terminates, […]
