LD 1609
pg. 95
Page 94 of 146 PUBLIC Law Chapter 543 Page 96 of 146
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LR 1469
Item 1

 
6.__Bankruptcy; execution of assignment; appointment of trustee,
receiver or liquidator.__The person's:

 
A.__Becoming a debtor in bankruptcy;

 
B.__Execution of an assignment for the benefit of creditors;

 
C.__Seeking, consenting to or acquiescing in the appointment
of a trustee, receiver or liquidator of the person or of all
or substantially all of the person's property; or

 
D.__Failure, within 90 days after the appointment, to have
vacated or stayed the appointment of a trustee, receiver or
liquidator of the general partner or of all or substantially
all of the person's property obtained without the person's
consent or acquiescence, or failing within 90 days after the
expiration of a stay to have the appointment vacated;

 
7.__Death; appointment of guardian or conservator; judicial
determination.__In the case of a person who is an individual:

 
A.__The person's death;

 
B.__The appointment of a guardian or general conservator for
the person; or

 
C.__A judicial determination that the person has otherwise
become incapable of performing the person's duties as a
general partner under the partnership agreement;

 
8.__Distribution of trust's interest.__In the case of a person
that is a trust or is acting as a general 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;

 
9.__Distribution of estate's interest.__In the case of a
person that is an estate or is acting as a general partner by
virtue of being a personal representative of an estate,
distribution of the estate's entire transferable interest in the
limited partnership, but not merely by reason of the substitution
of a successor personal representative;

 
10.__Termination of general partner.__Termination of a general
partner that is not an individual, partnership, limited liability
company, corporation, trust or estate; or


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