Arkansas Statutes
§ 4-47-604 — Person's power to dissociate as general partner - Wrongful dissociation
Arkansas·Title 4
(a)A person has the power to dissociate as a general partner at any time, rightfully or wrongfully, by express will pursuant to § 4-47-603(1) .
(b)A person's dissociation as a general partner is wrongful only if:
(1)it is in breach of an express provision of the partnership agreement; or (2) it occurs before the termination of the limited partnership, and:
(A)the person withdraws as a general partner by express will;
(B)the person is expelled as a general partner by judicial determination under § 4-47-603(5) ;
(C)the person is dissociated as a general partner by becoming a debtor in bankruptcy; or (D) in the case of a person that is not an individual, trust other than a business trust, or estate, the person is expelled or otherwise dissociated as a general partner because it willfull
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Legislative History
Acts 2007, No. 15, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions