PARRIS N. GLENDENING, Governor

Ch. 654

(II) THE PARTNER WILLFULLY OR PERSISTENTLY COMMITTED A
MATERIAL BREACH OF THE PARTNERSHIP AGREEMENT OR OF A DUTY OWED TO
THE PARTNERSHIP OR THE OTHER PARTNERS UNDER § 9-404 OF THIS TITLE; OR

(III) THE PARTNER ENGAGED IN CONDUCT RELATING TO THE
PARTNERSHIP BUSINESS WHICH MAKES IT NOT REASONABLY PRACTICABLE TO
CARRY ON THE BUSINESS IN PARTNERSHIP WITH THE PARTNER;

(6)      THE PARTNER'S:

(I)      BECOMING A DEBTOR IN BANKRUPTCY;

(II)     EXECUTING AN ASSIGNMENT FOR THE BENEFIT OF
CREDITORS;

(III)    SEEKING, CONSENTING TO, OR ACQUIESCING IN THE
APPOINTMENT OF A TRUSTEE, RECEIVER, OR LIQUIDATOR OF THAT PARTNER OR
OF ALL OR SUBSTANTIALLY ALL OF THAT PARTNER'S PROPERTY; OR

(IV)    FAILING, WITHIN 90 DAYS AFTER THE APPOINTMENT, TO HAVE
VACATED OR STAYED THE APPOINTMENT OF A TRUSTEE, RECEIVER, OR
LIQUIDATOR OF THE PARTNER OR OF ALL OR SUBSTANTIALLY ALL OF THE
PARTNER'S PROPERTY OBTAINED WITHOUT THE PARTNER'S CONSENT OR
ACQUIESCENCE, OR FAILING WITHIN 90 DAYS AFTER THE EXPIRATION OF A STAY TO
HAVE THE APPOINTMENT VACATED;

(7)      IN THE CASE OF A PARTNER WHO IS AN INDIVIDUAL

(I)      THE PARTNER'S DEATH;

(II)     THE APPOINTMENT OF A GUARDIAN OR GENERAL
CONSERVATOR FOR THE PARTNER; OR

(III)    A JUDICIAL DETERMINATION THAT THE PARTNER HAS
OTHERWISE BECOME INCAPABLE OF PERFORMING THE PARTNER'S DUTIES UNDER
THE PARTNERSHIP AGREEMENT;

(8)      IN THE CASE OF A PARTNER THAT IS A TRUST OR IS ACTING AS A
PARTNER BY VIRTUE OF BEING A TRUSTEE OF A TRUST, DISTRIBUTION OF THE
TRUSTS ENTIRE TRANSFERABLE INTEREST IN THE PARTNERSHIP, BUT NOT MERELY
BY REASON OF THE SUBSTITUTION OF A SUCCESSOR TRUSTEE;

(9)      IN THE CASE OF A PARTNER THAT IS AN ESTATE OR IS ACTING AS A
PARTNER BY VIRTUE OF BEING A PERSONAL REPRESENTATIVE OF AN ESTATE,
DISTRIBUTION OF THE ESTATE'S ENTIRE TRANSFERABLE INTEREST IN THE
PARTNERSHIP, BUT NOT MERELY BY REASON OF THE SUBSTITUTION OF A
SUCCESSOR PERSONAL REPRESENTATIVE; OR

(10)    TERMINATION OF A PARTNER WHO IS NOT AN INDIVIDUAL,
PARTNERSHIP, CORPORATION, TRUST, OR ESTATE.

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