The court shall decree a dissolution:
1. On application by or for a partner whenever:
a. A partner has been declared a person with mental illness in any judicial proceeding, or is shown to be of unsound mind,
b. A partner becomes in any other way incapable of performing that partner's part of the partnership contract,
c. A partner has been guilty of conduct as tends to affect prejudicially the carrying on of the business,
d. A partner willfully or persistently commits a breach of the partnership or agreement, or otherwise so behaves in matters relating to the partnership business that it is not reasonably practicable to carry on the business in partnership with that partner,
e. The business of the partnership can only be carried on at a loss,
f. Other circumstances render a dissolution equitable.
2. On application of the purchaser of a partner's interest under section 486.27 or 486.28:
a. After the termination of the specified term or particular undertaking,
b. At any time if the partnership was a partnership at will when the interest was assigned or when the charging order was issued.
[C73, 75, 77, 79, 81, § 544.32]
C93, § 486.32
96 Acts, ch 1129, § 113
Referred to in § 486.31
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