35-10-617. Partner's wrongful dissociation. (1) A partner's dissociation is wrongful only if:
(a) it is in breach of an express provision of the partnership agreement; or
(b) in the case of a partnership for a definite term or particular undertaking, before the expiration of the term or the completion of the undertaking:
(i) the partner withdraws by express will, unless the withdrawal follows the dissociation of another partner and results in a right to dissolve the partnership under 35-10-624(2)(a);
(ii) the partner is expelled by judicial decree under 35-10-616(5); or
(iii) a partner, who is not an individual, a trust other than a business trust, or an estate, is expelled or otherwise dissociated because the entity willfully dissolved or terminated.
(2) A partner who wrongfully dissociates is liable to the partnership and to the other partners for damages caused by the dissociation. That liability is in addition to any other liability of the partner to the partnership or to the other partners.
History: En. Sec. 37, Ch. 238, L. 1993.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 10. Partnerships in General
Part 6. Dissolution and Winding Up
35-10-602. Partnership continues after dissolution
35-10-609. Right to wind up partnership business
35-10-616. Events causing partner's dissociation
35-10-617. Partner's wrongful dissociation
35-10-618. Effect of partner's dissociation
35-10-619. Purchase of dissociated partner's interest
35-10-620. Dissociated partner's power to bind partnership -- liability to partnership
35-10-621. Dissociated partner's liability to other persons
35-10-622. Statement of dissociation -- filing
35-10-623. Continued use of partnership name
35-10-624. Events causing dissolution and winding up of partnership business
35-10-625. Dissolution deferred 90 days
35-10-626. Partner's power to bind partnership after dissolution
35-10-627. Statement of dissolution
35-10-628. Partner's liability to other partners after dissolution
35-10-629. Settlement of accounts among partners
35-10-630. through 35-10-634 reserved
35-10-635. Conversion of partnership to limited partnership
35-10-636. Conversion of limited partnership to partnership
35-10-637. Effect of conversion -- entity unchanged
35-10-638. through 35-10-640 reserved
35-10-641. Merger of partnerships