|
will be expelled because its right to do business has been | suspended by the jurisdiction of organization or | incorporation, there has been no reinstatement of its right to | do business by such jurisdiction; or |
|
| E.__A partnership that is a partner has been dissolved and | its business is being wound up; |
|
| | 5.__Expulsion by judicial determination.__On application by | the partnership or another partner, the partner's expulsion by | judicial determination because: |
|
| A.__The partner engaged in wrongful conduct that adversely | and materially affected the partnership business; |
|
| B.__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 section | 1044; or |
|
| C.__The partner engaged in conduct relating to the | partnership business that makes it not reasonably | practicable to carry on the business in partnership with the | partner; |
|
| | 6.__Partner's actions.__The partner's: |
|
| A.__Becoming a debtor in bankruptcy; |
|
| B.__Executing an assignment for the benefit of creditors; |
|
| C.__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 |
|
| D.__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.__Partner who is individual.__In the case of a partner who | is an individual: |
|
| B.__The appointment of a guardian or general conservator for | the partner; or |
|
|