Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 87 - Electing Partnerships
Section 8703 - Continuity of life

An electing partnership shall not be dissolved by the death, dissolution, insanity, retirement, resignation or expulsion of a partner or by the bankruptcy of a partner or the partnership. Changes in the composition of the partnership shall be evidenced by the prompt filing of a statement of amendment under section 8701(a) (relating to application of chapter). If fewer than two partners who are not bankrupt or insane remain, the court shall appoint a custodian of the partnership property for the purpose of continuing its business or, upon cause shown, winding up its affairs.

Structure Pennsylvania Consolidated & Unconsolidated Statutes