1932

LAWS OF MARYLAND

[Ch. 311

INCAPABLE OF PERFORMING HIS PART OF THE PARTNERSHIP
CONTRACT;

(3)   A PARTNER HAS BEEN GUILTY OF SUCH CONDUCT
AS TENDS TO AFFECT PREJUDICIALLY THE CARRYING ON OF THE
BUSINESS;

(4)    A PARTNER WILLFULLY OR PERSISTENTLY
COMMITS A BREACH OF THE PARTNERSHIP 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;

(5)   THE BUSINESS OF THE PARTNERSHIP CAN ONLY
BE CARRIED ON AT A LOSS; OR

(6)    OTHER CIRCUMSTANCES RENDER A DISSOLUTION
EQUITABLE.

(B) ON THE APPLICATION OF THE PURCHASER OF A
PARTNER'S INTEREST UNDER §§ 9-504 OR 9-505, THE COURT
SHALL DECREE A DISSOLUTION:

(1)   AFTER THE TERMINATION OF THE SPECIFIED
TERM OR PARTICULAR UNDERSTANDING;

(2)    AT ANY TIME IF THE PARTNERSHIP WAS A
PARTNERSHIP AT WILL WHEN THE INTEREST WAS ASSIGNED OR
WHEN THE CHARGING ORDER WAS ISSUED.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §32. A cross—reference is
conformed.

The word "or" is added at the end of
subsection (a)(5).

In subsection (b) of this section, the words
"the court shall decree a dissolution" are
added to the introductory clause of the
subsection to make it a complete sentence.

The only other changes are technical changes
in style,

9-604. GENERAL EFFECT OF DISSOLUTION ON AUTHORITY OF
PARTNER.

EXCEPT SO FAR AS MAY BE NECESSARY TO WIND UP
PARTNERSHIP AFFAIRS OR TO COMPLETE TRANSACTIONS BEGUN BUT
NOT THEN FINISHED, DISSOLUTION TERMINATES ALL AUTHORITY
OF ANY PARTNER TO ACT FOR THE PARTNERSHIP: