LD 1609
pg. 80
Page 79 of 148 An Act To Establish the Uniform Partnership Act Page 81 of 148
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LR 1469
Item 1

 
C.__Within 90 days after the partnership notifies a partner
who is a limited liability company or corporation that it will
be expelled because it has filed a certificate of dissolution
or the equivalent or that it has been judicially or
administratively dissolved, the applicable certificate of
dissolution or its equivalent has not been revoked or it has
not been administratively reinstated;

 
D.__Within 90 days after the partnership notifies a partner
who is a limited liability company or corporation that it
will be expelled because its right to do business has been
suspended by the jurisdiction of organization or
incorporation, there has been no reinstatement of its right
to do business by such jurisdiction; or

 
E.__A partnership that is a partner has been dissolved and
its business is being wound up;

 
5.__Expulsion by judicial determination.__On application by
the partnership or another partner, the partner's expulsion by
judicial determination because:

 
A.__The partner engaged in wrongful conduct that adversely
and materially affected the partnership business;

 
B.__The partner willfully or persistently committed a
material breach of the partnership agreement or of a duty
owed to the partnership or the other partners under section
1044; or

 
C.__The partner engaged in conduct relating to the
partnership business that makes it not reasonably
practicable to carry on the business in partnership with the
partner;

 
6.__Partner's actions.__The partner's:

 
A.__Becoming a debtor in bankruptcy;

 
B.__Executing an assignment for the benefit of creditors;

 
C.__Seeking, consenting to or acquiescing in the appointment
of a trustee, receiver or liquidator of that partner or of
all or substantially all of that partner's property; or

 
D.__Failing, within 90 days after the appointment, to have
vacated or stayed the appointment of a trustee, receiver or


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