| | | 2.__Event in partnership agreement.__An event agreed to in the | | partnership agreement as causing the person's dissociation as a | | general partner; |
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| | | 3. Expulsion pursuant to partnership agreement.__The person's | | expulsion as a general partner pursuant to the partnership | | agreement; |
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| | | 4.__Expulsion by unanimous consent.__The person's expulsion as | | a general partner by the unanimous consent of the other partners | | if: |
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| | | A.__It is unlawful to carry on the limited partnership's | | activities with the person as a general partner; |
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| | | B.__There has been a transfer of all or substantially all of | | the person's transferable interest in the limited | | partnership, other than a transfer for security purposes, or | | a court order charging the person's interest, that has not | | been foreclosed; |
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| | | C.__The person is a corporation and, within 90 days after | | the limited partnership notifies the person that it will be | | expelled as a general partner because it has filed a | | certificate of dissolution or the equivalent, its charter | | has been revoked or its right to conduct business has been | | suspended by the jurisdiction of its incorporation, there is | | no revocation of the certificate of dissolution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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| | | D.__The person is a limited liability company or partnership | | that has been dissolved and whose business is being wound | | up; |
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| | | 5.__Expulsion upon judicial determination.__On application by | | the limited partnership, the person's expulsion as a general | | partner by judicial determination because: |
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| | | A.__The person engaged in wrongful conduct that adversely | | and materially affected the limited partnership's | | activities; |
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| | | B.__The person 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 | | 1358; or |
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| | | C.__The person engaged in conduct relating to the limited | | partnership's activities which makes it not reasonably | | practicable to carry on the activities of the limited | | partnership with the person as a general partner; |
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