Title 45, Partnerships
25 chapters · 243 sections in this title.
N.D.C.C. § 45-18-01 (601) Events causing partner's dissociation
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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 agreemen…
N.D.C.C. § 45-18-02 (602) Partner's power to dissociate - Wrongful dissociation
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1. A partner has the power to dissociate at any time, rightfully or wrongfully, by express will pursuant to subsection 1 of section 45-18-01. 2. A partner's dissociation is wrongful only if: a. It is in breach of an express provision of the partnership agreement; or b. In the cas…
N.D.C.C. § 45-18-03 (603) Effect of partner's dissociation
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1. If a partner's dissociation results in a dissolution and winding up of the partnership business, chapter 45-20 applies, otherwise, chapter 45-19 applies. 2. Upon a partner's dissociation: a. The partner's right to participate in the management and conduct of the partnership bu…