§ 7-12-42 - Causes of dissolution. - Rhode Island Statutes

SECTION 7-12-42

   § 7-12-42  Causes of dissolution. –Dissolution is caused:

   (1) Without violation of the agreement between the partners,

   (i) By the termination of the definite term or particularundertaking specified in the agreement;

   (ii) By the express will of any partner when no definite termor particular undertaking is specified;

   (iii) By the express will of all the partners who have notassigned their interests or suffered them to be charged for their separatedebts, either before or after the termination of any specified term orparticular undertaking.

   (iv) By the expulsion of any partner from the business bonafide in accordance with the power conferred by the agreement between thepartners.

   (2) In contravention of the agreement between the partners,where the circumstances do not permit a dissolution under any other provisionof this section, by the express will of any partner at any time;

   (3) By any event which makes it unlawful for the business ofthe partnership to be carried on or for the members to carry it on inpartnership;

   (4) By the death of any partner;

   (5) By the bankruptcy of any partner or the partnership;

   (6) By decree of court under § 7-12-43.