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DISSOLUTION
ARTICLE
1828
Dissolution, Winding up
and Termination
DISSOLUTION
WINDING UP
TERMINATION
It is that point in
time when the
partners cease to
carry on the
business together.
It is the process of
settling the
business or
partnership affairs
after dissolution.
It is that point in
time when all
partnership affairs
are completely
wound up and
finally settled.
ARTICLE
1829
ARTICLE
1830
Causes of Dissolution
By the express will of all the partners who have not assigned their interests or
suffered them to be charged for their separate debts, either before or after
the termination of any specified term or particular undertaking;
By the expulsion of any partner from the business bona fide in accordance
with such a power conferred by the agreement between the partners;
ARTICLE
1830
Causes of Dissolution
ARTICLE
1830
Causes of Dissolution
By any event which makes it unlawful for the business of the partnership to be
carried on or for the members to carry it on in partnership
ARTICLE
1830
Causes of Dissolution
ARTICLE
1830
Causes of Dissolution
ARTICLE
1830
Causes of Dissolution
ARTICLE
1830
Causes of Dissolution
ARTICLE
1831
On application by a partner
INSANITY
OTHER
CIRCUMSTANCES
BUSINESS CAN BE
CARRIED ONLY AT
LOSS
INCAPACITY
MISCONDUCT AND
PERSISTENT BREACH
OF PARTNERSHIP
AGREEMENT
ARTICLE
1831
ARTICLE
1832
EFFECT OF DISSOLUTION ON
AUTHORITY OF PARTNER
GENERAL RULE
QUALIFICATION TO THE RULE
In so far as the partners themselves are concerned.
With respect to third persons.
ARTICLE
1833
ARTICLE
1834
ARTICLE
1834
ARTICLE
1834
Notice of dissolution to
partners
ARTICLE
1835
Effect of dissolution on
partners existing liability
ARTICLE
1835
ARTICLE
1836
MANNER OF WINDING UP
ARTICLE
1836
ARTICLE
1837
ARTICLE
ARTICLE
1838
ARTICLE
1839
Partnership Property
Contributions of Partners
ARTICLE
1839
Loans to Partners
Return of capital contributions
Share in profits
ARTICLE
1839
Right of a partner where assets insufficient
Capital Loss of a Partner
Enforce contributions of the Partners
ARTICLE
1839
Liabilities covered by
individual property of
a deceased partner
ARTICLE
1839
PARTNERSHIP PROPERTY
INDIVIDUAL PROPERTY
PARTNERSHIP CREDITORS
INDIVIDUAL CREDITORS
ARTICLE
1839
SEPARATE
CREDITORS
PARTNERSHIP
CREDITORS
CONTRIBUTION
TO PARTNERS
Dissolution of Partnership
1840 by Change in Membership
ARTICLE
ARTICLE
1840
DISSOLVED
PARTNERSHIP
CREDITORS
NEW
PARTNERSHIP
CREDITORS
CONTINUING PARTNERSHIP
CREDITORS
ARTICLE
1840
ARTICLE
1841
ARTICLE
Accrual Right
The right to demand an accounting of the
value of his interest accrues to any
partners or his legal representative after
dissolution in the absence of an
agreement to the contrary.
ARTICLE