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than a transfer for security purposes, or a court order | | charging the person's interest, that has not been | | foreclosed; |
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| | | (3)__The person is a corporation and, within 90 days | | after the limited partnership notifies the person that | | it will be expelled as a limited partner because it has | | filed a certificate of dissolution or the equivalent, | | its charter has been revoked, or its right to conduct | | business has been suspended by the jurisdiction of its | | incorporation, there is no revocation of the | | certificate of dissolution or no reinstatement of its | | charter or its right to conduct business; or |
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| | | (4)__The person is a limited liability company or | | partnership that has been dissolved and whose business | | is being wound up; |
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| | | E.__On application by the limited partnership, the person's | | expulsion as a limited partner by judicial determination | | because: |
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| | | (1)__The person engaged in wrongful conduct that | | adversely and materially affected the limited | | partnership's activities; |
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| | | (2)__The person willfully or persistently committed a | | material breach of the partnership agreement or of the | | obligation of good faith and fair dealing under section | | 1345, subsection 2; or |
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| | | (3)__The person engaged in conduct relating to the | | limited partnership's activities that makes it not | | reasonably practicable to carry on the activities with | | the person as limited partner; |
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| | | F.__In the case of a person who is an individual, the | | person's death; |
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| | | G.__In the case of a person that is a trust or is acting as | | a limited partner by virtue of being a trustee of a trust, | | distribution of the trust's entire transferable interest in | | the limited partnership, but not merely by reason of the | | substitution of a successor trustee; |
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| | | H.__In the case of a person that is an estate or is acting as a | | limited partner by virtue of being a personal representative of | | an estate, distribution of the estate's entire transferable | | interest in the limited partnership, but |
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