A partner is dissociated from a partnership upon the occurrence of any of the following events:
It is unlawful to carry on the partnership business with that partner;
There has been a transfer of all or substantially all of that partner's transferable interest in the partnership, other than a transfer for security purposes, or a court order charging the partner's interest, which has not been foreclosed;
Within ninety (90) days after the partnership notifies a corporate partner that it will be expelled because it has filed a certificate of dissolution or the equivalent, its charter has been revoked, or its right to conduct business has been suspended by the jurisdiction of its incorporation, there is no revocation of the certificate of dissolution or no reinstatement of its charter or its right to conduct business; or
A partnership that is a partner has been dissolved and its business is being wound up;
The partner engaged in wrongful conduct that adversely and materially affected the partnership business;
The partner willfully or persistently committed a material breach of the partnership agreement or of a duty owed to the partnership or the other partners under Section 79-13-404; or
The partner engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with the partner;
Becoming a debtor in bankruptcy;
Executing an assignment for the benefit of creditors;
Seeking, consenting to, or acquiescing in the appointment of a trustee, receiver, or liquidator of that partner or of all or substantially all of that partner's property; or
Failing, within ninety (90) days after the appointment, to have vacated or stayed the appointment of a trustee, receiver, or liquidator of the partner or of all or substantially all of the partner's property obtained without the partner's consent or acquiescence, or failing within ninety (90) days after the expiration of a stay to have the appointment vacated;
The partner's death;
The appointment of a guardian or general conservator for the partner; or
A judicial determination that the partner has otherwise become incapable of performing the partner's duties under the partnership agreement;