South Carolina § 33-41-940 - Dissolution by decree of court.
Full text of South Carolina South Carolina Code of Laws § 33-41-940 — Dissolution by decree of court., with citation guidance and answers to common questions.
§ 33-41-940. Dissolution by decree of court.
(1) On application by or for a partner the court shall decree a dissolution whenever
(a) a partner has been declared a lunatic in any judicial proceeding or is shown to be of unsound mind,
(b) a partner becomes in any other way incapable of performing his part of the partnership contract,
(c) a partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business,
(d) a partner wilfully 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,
(e) the business of the partnership can only be carried on at a loss or
(f) other circumstances render a dissolution equitable.
(2) On the application of the purchaser of a partner's interest under SECTION 33-41-740 or 33-41-750 the court shall decree a dissolution
(a) after the termination of the specified term or particular undertaking or
(b) at any time if the partnership was a partnership at will when the interest was assigned or when the charging order was issued.
HISTORY: 1962 Code SECTION 52-64; 1952 Code SECTION 52-64; 1950 (46) 1841.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-41-940
What does South Carolina Code of Laws § 33-41-940 cover?
Section 33-41-940 ("Dissolution by decree of court.") 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 § 33-41-940?
A common citation format is "South Carolina Code of Laws § 33-41-940" (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 § 33-41-940 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.