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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 542   View pdf image (33K)
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542 PARTNERSHIP. [ART. LXXIIIA
(b) By the express will of any partner when no definite term or par-
ticular undertaking is specified,
(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 particu-
lar undertaking,
(d) By the expulsion of any partner from the business bona fide in
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
of this section, by the express will of any partner at any time;
(3) By any event which makes it unlawful for the business of the
partnership to be carried on or for the members to carry it on in part-
nership ;
(4) By the death of any partner;
(5) By the bankruptcy of any partner or the partnership;
(6) By decree of court under section 32.
1916, ch. 175, sec. 32.
32. (DISSOLUTION BY DECREE OF COURT.) (1) On application by
or for a partner the court shall decree a dissolution whenever:
(a) A partner has been declared a lunatic in any judicial proceeding
or is shown to be of unsound mind,
(b) A partner becomes in any other way incapable of performing
his part of the partnership contract,
(c) A partner has been guilty of such conduct as tends to affect
prejudicially the carrying on of the business,
(d) A partner wilfully or persistently commits a breach of .the part-
nership agreement, or otherwise so conducts himself in matters relating
to the partnership business that it is not reasonably practicable to carry
on the business in partnership with him,
(e) The business of the partnership can only be carried on at a loss,
(f) Other circumstances render a dissolution equitable.
(2) On the application of the purchaser of a partner's interest under
sections 28 or 29:
(a) After the termination of the specified term or particular under-
taking,
(b) At any time if the partnership was a partnership at will when
the interest was assigned or when the charging order was issued.
1916, ch. 175, sec. 33.
33. (GENERAL EFFECT OF DISSOLUTION ON AUTHORITY OF PART-
NER.) Except so far as may be necessary to wind up partnership


 
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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 542   View pdf image (33K)
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