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Session Laws, 1916
Volume 534, Page 318   View pdf image (33K)
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318 LAWS OF MARYLAND. [CH. 175-

SEC. 28. (Partner's Interest Subject to Charging Order. )

(1) On due application to a competent court of any judg-
ment creditor of a partner, the court which entered the judg-
ment, order or decree, or any other court, may charge the inter-
est 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
partnership, 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 foreclosure 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 act 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.

SEC. 29. (Dissolution Defined. ) The dissolution of a part-
nership is the change in the relation of the partners caused by
any partner ceasing to be associated in the carrying on as dis-
tinguished from the winding up of the business.

SEC. 30. (Partnership Not Terminated by Dissolution. )
On dissolution the partnership is not terminated, but continues
until the winding up of partnership affairs is completed.

SEC. 31. (Causes of Dissolution. ) Dissolution is caused:
(1) Without violation of the agreement between the part-
ners,

(a) By the termination of the definite term or particular
undertaking specified in the agreement,

(b) By the express will of any partner when no definite
term or particular 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

 

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Session Laws, 1916
Volume 534, Page 318   View pdf image (33K)
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