California Corporations Code

§ 16801

CORP § 16801 Effective Jan 1, 1997Title 2 · Ch. 5 · Art. 8

Statute text

A partnership is dissolved, and its business shall be wound up, only upon the occurrence of any of the following events:

(1)In a partnership at will, by the express will to dissolve and wind up the partnership business of at least half of the partners, including partners, other than wrongfully dissociating partners, who have dissociated within the preceding 90 days, and for which purpose a dissociation under paragraph (1) of Section 16601 constitutes an expression of that partner’s will to dissolve and wind up the partnership business.

(2)In a partnership for a definite term or particular undertaking, when any of the following occurs:

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Legislative history

Added by Stats. 1996, Ch. 1003, Sec. 2. Effective January 1, 1997.