A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events:
Within ninety (90) days after a partner's dissociation by death or otherwise under Section 79-13-601(6) through (10) or wrongful dissociation under Section 79-13-602(b), the express will of at least half of the remaining partners to wind up the partnership business, for which purpose a partner's rightful dissociation pursuant to Section 79-13-602(b)(2)(i) constitutes the expression of that partner's will to wind up the partnership business;
The express will of all of the partners to wind up the partnership business; or
The expiration of the term or the completion of the undertaking;
The economic purpose of the partnership is likely to be unreasonably frustrated;
Another partner has engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with that partner; or
It is not otherwise reasonably practicable to carry on the partnership business in conformity with the partnership agreement; or
After the expiration of the term or completion of the undertaking, if the partnership was for a definite term or particular undertaking at the time of the transfer or entry of the charging order that gave rise to the transfer; or
At any time, if the partnership was a partnership at will at the time of the transfer or entry of the charging order that gave rise to the transfer.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 13 - Uniform Partnership Act (1997)
Article 8 - Winding Up Partnership Business
§ 79-13-801. Events causing dissolution and winding up of partnership business
§ 79-13-802. Partnership continues after dissolution
§ 79-13-803. Right to wind up partnership business
§ 79-13-804. Partner's power to bind partnership after dissolution
§ 79-13-805. Statement of dissolution
§ 79-13-806. Partner's liability to other partners after dissolution
§ 79-13-807. Settlement of accounts and contributions among partners