Section 10-8-92

(Repealed effective January 1, 2001) Order of court.

(a) On application by or for a partner, the court shall order a dissolution whenever:

(1) A partner has been declared in any judicial proceeding or is otherwise shown to be a person of unsound mind;

(2) A partner becomes in any other way incapable of performing his part of the partnership contract;

(3) A partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business;

(4) A partner willfully or persistently commits a breach of the partnership agreement, or otherwise so conducts himself in matters relating to the partnership business that it is not reasonably practicable to carry on the business in partnership with him;

(5) The business of the partnership can only be carried on at a loss; or

(6) Other circumstances render a dissolution equitable.

(b) The court shall order a dissolution on the application of the purchaser of a partner's interest under Sections 10-8-41 and 10-8-42:

(1) After the termination of the specified term of particular undertaking; or

(2) At any time if the partnership was a partnership at will when the interest was assigned or when the charging order was issued.

(Acts 1971, No. 1513, p. 2609, §32.)