RSA 304-A:31 · Causes of Dissolution

304-A:31 Causes of Dissolution. – Dissolution is caused:

Copy link

I.

Without violation of the agreement between the partners:

Copy link

(a)

By the termination of the definite term or particular undertaking specified in the agreement.

Copy link

(b)

By the express will of any partner when no definite term or particular undertaking is specified.

Copy link

(c)

By the express will of all the partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specified term or particular undertaking.

Copy link

(d)

By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners.

Copy link

II.

In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this section, by the express will of any partner at any time.

Copy link

III.

By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership.

Copy link

IV.

By the death of any partner.

Copy link

V.

By the bankruptcy of any partner or the partnership.

Copy link

VI.

By decree of court under RSA 304-A:32. Source. 1973, 378:1, eff. Aug. 29, 1973.

Copy link