North Carolina § 59-61 - Causes of dissolution.
Full text of North Carolina North Carolina General Statutes § 59-61 — Causes of dissolution., with citation guidance and answers to common questions.
§ 59-61. Causes of dissolution.
Dissolution is caused: Without violation of the agreement between the partners, By the termination of the definite term or particular undertaking specified in the agreement, By the express will of any partner when no definite term or particular undertaking is specified, By the express will of all partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specific term or particular undertaking, By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners; In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this section, by the express will of any partner at any time; By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership; By the death of any partner, unless the partnership agreement provides otherwise; By the bankruptcy of any partner or the partnership; By decree of court under G.S. 59-62. History (1941, c. 374, s. 31; 1943, c. 384.)
Frequently Asked Questions About North Carolina § 59-61
What does North Carolina General Statutes § 59-61 cover?
Section 59-61 ("Causes of dissolution.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 59-61?
A common citation format is "North Carolina General Statutes § 59-61" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-61 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.