2000 Minnesota Statutes

     323.31 Dissolution by decree of court.  

    On application by or for a partner the court shall decree a 
 dissolution whenever: 

    (1) A partner has been declared a lunatic in any judicial 
 proceeding or is shown to be of unsound mind; 

    (2) A partner becomes in any other way incapable of 
 performing that partner's part of the partnership contract; 

    (3) A partner has been guilty of such conduct as tends to 
 affect prejudicially the carrying on of the business; 

    (4) A partner willfully or persistently commits a breach of 
 the partnership agreement, or otherwise so acts in matters 
 relating to the partnership business that it is not reasonably 
 practicable to carry on the business in partnership with that 
 partner; 

    (5) The business of the partnership can only be carried on 
 at a loss; 

    (6) Other circumstances render a dissolution equitable.  

    On the application of the purchaser of a partner's interest 
 under section 323.27 or 323.26: 

    (1) After the termination of the specified term or 
 particular undertaking; 

    (2) At any time if the partnership was a partnership at 
 will when the interest was assigned or when the charging order 
 was issued.  

    HIST: (7415) 1921 c 487 s 32; 1986 c 444 

*   NOTE:  This section is repealed by Laws 1997, chapter 174, 
*article 12, section 68, as amended by Laws 1998, chapter 262, 
*section 12, effective January 1, 2002.