Dissolution - general rules.

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(1) A limited partnership is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following:

  1. At the time or upon the happening of events stated in writing in the partnershipagreement;

  2. Written consent of all partners;

  3. Except as otherwise provided in the written provisions of a partnership agreement,written consent of a majority of the limited partners within ninety days after an event of withdrawal of the last remaining general partner; and

  4. Entry of a decree of judicial dissolution under section 7-62-802.

Source: L. 81: Entire article added, p. 446, § 1, effective November 1. L. 86: (1)(a) and

(1)(c) amended, p. 457, § 30, effective July 1. L. 97: (1)(c) amended, p. 1501, § 8, effective June

3. L. 2003: (1)(a) amended, p. 2247, § 141, effective July 1, 2004.


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