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B.__In the case of a partnership for a definite term or | particular undertaking, before the expiration of the term or | the completion of the undertaking: |
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| (1)__The partner withdraws by express will, unless the | withdrawal follows within 90 days after another | partner's dissociation by death or otherwise under | section 1061, subsections 6 to 10 or wrongful | dissociation under this subsection; |
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| (2)__The partner is expelled by judicial__determination | under section 1061, subsection 5; |
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| (3)__The partner is dissociated by becoming a debtor in | bankruptcy; or |
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| (4)__In the case of a partner who is not an individual, | trust other than a business trust or estate, the | partner is expelled or otherwise dissociated because | the partner willfully dissolved or terminated. |
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| | 3.__Liability for wrongful dissociation.__A partner who | wrongfully dissociates is liable to the partnership and to the | other partners for damages caused by the dissociation.__The | liability is in addition to any other obligation of the partner | to the partnership or to the other partners. |
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| | (This is Section 602 of the Uniform Partnership Act (1997).) |
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| | 1. Subsection (a) states explicitly what is implicit in UPA | Section 31(2) and RUPA Section 601(1) - that a partner has the | power to dissociate at any time by expressing a will to withdraw, | even in contravention of the partnership agreement. The phrase | "rightfully or wrongfully" reflects the distinction between a | partner's power to withdraw in contravention of the partnership | agreement and a partner's right to do so. In this context, | although a partner can not be enjoined from exercising the power | to dissociate, the dissociation may be wrongful under subsection | (b). |
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| | 2. Subsection (b) provides that a partner's dissociation is | wrongful only if it results from one of the enumerated events. | The significance of a wrongful dissociation is that it may give | rise to damages under subsection (c) and, if it results in the | dissolution of the partnership, the wrongfully dissociating | partner is not entitled to participate in winding up the business | under Section 804. |
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