South Carolina § 33-41-1030 - Application of property upon dissolution not in contravention of agreement.
Full text of South Carolina South Carolina Code of Laws § 33-41-1030 — Application of property upon dissolution not in contravention of agreement., with citation guidance and answers to common questions.
§ 33-41-1030. Application of property upon dissolution not in contravention of agreement.
When dissolution is caused in any way, except in contravention of the partnership agreement, each partner, as against his copartner and all persons claiming through them in respect of their interests in the partnership, unless otherwise agreed, may have the partnership property applied to discharge its liabilities and the surplus applied to pay in cash the net amount owing to the respective partners. But if dissolution is caused by expulsion of a partner, bona fide under the partnership agreement, and if the expelled partner is discharged from all partnership liabilities, either by payment or agreement under item (2) of SECTION 33-41-1010, he shall receive in cash only the net amount due him from the partnership.
HISTORY: 1962 Code SECTION 52-73; 1952 Code SECTION 52-73; 1950 (46) 1841.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-41-1030
What does South Carolina Code of Laws § 33-41-1030 cover?
Section 33-41-1030 ("Application of property upon dissolution not in contravention of agreement.") is part of the South Carolina Code of Laws, the codified statutory law of South 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 South Carolina § 33-41-1030?
A common citation format is "South Carolina Code of Laws § 33-41-1030" (South 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 South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 33-41-1030 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South 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 South Carolina.