Ch. 654

1997 LAWS OF MARYLAND

(E) THIS SECTION PROVIDES THE EXCLUSIVE REMEDY BY WHICH A
JUDGMENT CREDITOR OF A PARTNER OR PARTNER'S TRANSFEREE MAY SATISFY A
JUDGMENT OUT OF THE JUDGMENT DEBTOR'S TRANSFERABLE INTEREST IN THE
PARTNERSHIP.

SUBTITLE 6. PARTNER'S DISSOCIATION.
9-601. EVENTS CAUSING PARTNER'S DISSOCIATION.

A PARTNER IS DISSOCIATED FROM A PARTNERSHIP UPON THE OCCURRENCE
OF ANY OF THE FOLLOWING EVENTS:

(1)     THE PARTNERSHIP'S HAVING NOTICE OF THE PARTNER'S EXPRESS
WILL TO WITHDRAW AS A PARTNER OR ON A LATER DATE SPECIFIED BY THE
PARTNER;

(2)     AN EVENT AGREED TO IN THE PARTNERSHIP AGREEMENT AS
CAUSING THE PARTNER'S DISSOCIATION;

(3)     THE PARTNER'S EXPULSION PURSUANT TO THE PARTNERSHIP
AGREEMENT;

(4)     THE PARTNER'S EXPULSION BY THE UNANIMOUS VOTE OF THE
OTHER PARTNERS IF:

(I)      IT IS UNLAWFUL TO CARRY ON THE PARTNERSHIP BUSINESS
WITH THAT PARTNER;

(II)    THERE HAS BEEN A TRANSFER OF ALL OR SUBSTANTIALLY
ALL OF THAT PARTNER'S TRANSFERABLE INTEREST IN THE PARTNERSHIP, OTHER
THAN A TRANSFER FOR SECURITY PURPOSES, OR A COURT ORDER CHARGING THE
PARTNER'S INTEREST, WHICH HAS NOT BEEN FORECLOSED;

(III)   WITHIN 90 DAYS AFTER THE PARTNERSHIP NOTIFIES A
CORPORATE PARTNER THAT IT WILL BE EXPELLED BECAUSE IT HAS FILED
ARTICLES OF DISSOLUTION OR THE EQUIVALENT, ITS CHARTER HAS BEEN
REVOKED, OR ITS RIGHT TO CONDUCT BUSINESS HAS BEEN SUSPENDED BY THE
JURISDICTION OF ITS INCORPORATION, THERE IS NO REVOCATION OF THE
ARTICLES OF DISSOLUTION OR NO REINSTATEMENT OF ITS CHARTER OR ITS RIGHT
TO CONDUCT BUSINESS; OR

(IV)   A PARTNERSHIP THAT IS A PARTNER HAS BEEN DISSOLVED
AND ITS BUSINESS IS BEING WOUND UP;

(5)     ON APPLICATION BY THE PARTNERSHIP OR ANOTHER PARTNER,
THE PARTNER'S EXPULSION BY JUDICIAL DETERMINATION BECAUSE:

(I) THE PARTNER ENGAGED IN WRONGFUL CONDUCT THAT
ADVERSELY AND MATERIALLY AFFECTED THE PARTNERSHIP BUSINESS;

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