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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 541   View pdf image (33K)
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ART. LXXIIIA] PARTNERSHIP. 541
(2) In case of a dissolution of the partnership, the assignee is
entitled to receive his assignor's interest and may require an account
from the date only of the last account agreed to by all the partners.
1916, ch. 175. sec. 28.
28. (PARTNER'S INTEREST SUBJECT TO CHARGING ORDER.) (1)
On due application to a competent court of any judgment creditor of a
partner, the court which entered the judgment, order or decree, or any
other court, may charge the interest of the debtor partner with payment
of the unsatisfied amount of such judgment debt with interest thereon;
and may then or later appoint a receiver of his share of the profits, and
of any other money due or to fall due to him in respect of the partner-
ship, and make all other orders, directions, accounts and inquiries which
the debtor partner might have made, or which the circumstances of the
case may require.
(2) The interest charged may be redeemed at any time before fore-
closure or in case of a sale being directed by the court may be purchased
without thereby causing a dissolution:
(a) With separate property, by any one or more of the partners, or
(b) With partnership property, by any one or more of the partners
with the consent of all the partners whose interests are not so charged
or sold.
(3) Nothing in this article shall be held to deprive a partner of his
right, if any, under the exemption laws, as regards his interest in the
partnership.
PART VI.
Dissolution and Winding Up.
1916, ch 175, sec. 29.
29. (DISSOLUTION DEFINED.) The dissolution of a partnership is
the change in the relation of the partners caused by any partner ceas-
ing to be associated in the carrying on as distinguished from the wind-
ing up of the business.
1916, ch. 175, sec. 30.
30. (PARTNERSHIP NOT TERMINATED BY DISSOLUTION.) On dis-
solution the partnership is not terminated, but continues until the wind-
ing up of partnership affairs is completed.
1916. ch. 175. sec. 31.
31. (CAUSES OF DISSOLUTION.) Dissolution is caused: (1) With-
out violation of the agreement between the partners,
(a) By the termination of the definite term or particular undertak-
ing specified in the agreement,


 
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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 541   View pdf image (33K)
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