The document outlines 8 causes for the dissolution of a partnership agreement: 1) completion of the agreed term, 2) express will of any partner when no term is specified, 3) express will of all partners, 4) expulsion of a partner according to the agreement, 5) circumstances making the business unlawful or impossible, 6) loss of an essential asset, 7) death of a partner, 8) insolvency of a partner or the partnership. It also lists 6 additional situations where a court may decree dissolution including a partner's incapacity, breach of agreement, conduct prejudicing the business, operating at a loss, or other equitable reasons. Finally, it discusses partners' ability to bind the partnership after dissolution under certain conditions
The document outlines 8 causes for the dissolution of a partnership agreement: 1) completion of the agreed term, 2) express will of any partner when no term is specified, 3) express will of all partners, 4) expulsion of a partner according to the agreement, 5) circumstances making the business unlawful or impossible, 6) loss of an essential asset, 7) death of a partner, 8) insolvency of a partner or the partnership. It also lists 6 additional situations where a court may decree dissolution including a partner's incapacity, breach of agreement, conduct prejudicing the business, operating at a loss, or other equitable reasons. Finally, it discusses partners' ability to bind the partnership after dissolution under certain conditions
The document outlines 8 causes for the dissolution of a partnership agreement: 1) completion of the agreed term, 2) express will of any partner when no term is specified, 3) express will of all partners, 4) expulsion of a partner according to the agreement, 5) circumstances making the business unlawful or impossible, 6) loss of an essential asset, 7) death of a partner, 8) insolvency of a partner or the partnership. It also lists 6 additional situations where a court may decree dissolution including a partner's incapacity, breach of agreement, conduct prejudicing the business, operating at a loss, or other equitable reasons. Finally, it discusses partners' ability to bind the partnership after dissolution under certain conditions
ARTICLE 1830 Dissolution is caused: enjoyment of the same, but the
partnership shall not be dissolved by
1. Without violation to the agreement the loss of the thing when it occurs between the partners: after the partnership has acquired the a. By the termination of the definite ownership thereof; term or particular undertaking 5. By the death of any partner; specified in the agreement; 6. By the insolvency of any partner or of b. By the express will of any partner, the partnership; who must act in good faith, when 7. By the civil interdiction of any partner; no definite term or particular 8. By the decree of court under the undertaking is specified; following article (1700a and 1701a). 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; d. By the expulsion of any partner from the business bona fide to the accordance with such a power conferred by the agreement between the partners 2. In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision in this article, by the express of any partner at any time; 3. By any event which makes it unlawful for the business of the partnership to carried on or for the members to carry it on in partnership; 4. When a specified thing, which a partner had promised to deliver to the partnership, perishes before the delivery; in any case by the loss of the thing, when the partner who contributed having reserved the ownership thereof, has only transferred to the partnership the use or ARTICLE 1831 On application by or for the partners, the court shall decree a dissolution whenever; 1. A partner has been declared insane in any judicial proceeding or is shown to be of unsound mind; 2. A partner becomes in any other way incapable of performing his part of the Article 1834 After a dissolution a partner can partnership contract; bind the partnership, except as provided by 3. A partner has been guilty of such the third paragraph of this article; conduct as tends to affect prejudicially 1. By an act appropriate for winding up the carrying on of the business; partnership affairs or completing 4. A partner willfully or persistently transaction unfinished at dissolution; commits a breach of the partnership 2. By any transaction which would bind agreement, or otherwise so conducts the partnership if dissolution had not himself in the matter relating to the taken place, provided the other party partnership business that is not to the transaction; reasonably practicable to carry on the a. Had extended credit to the business of the partnership with him; partnership prior to dissolution and 5. A business of the partnership can only had no knowledge or notice od be carried on at a loss; dissolution; or 6. Other circumstances that render a b. Though he had not so extended dissolution equitable. credit, had nevertheless known of the partnership prior to dissolution, and, having no knowledge or notice On the application of the purchasers of the of dissolution, the fact of partner’s interests under article 1813 and dissolution had not been advertised 1814; in a newspaper of general 1. After the termination of the specific circulation in the place (or in each term or particular undertaking; place if more than one) at which the 2. At any time when the partnership was a partnership was regularly carried partnership at will when the interest on. was assigned or when the charging order was issued (n)