Vermont § 3251 - Events causing partner’s dissociation A partner is dissociated from a partnership upon the occurrence of any of the following events:

Full text of Vermont Vermont Statutes Online § 3251 — Events causing partner’s dissociation A partner is dissociated from a partnership upon the occurrence of any of the following events:, with citation guidance and answers to common questions.

§ 3251. Events causing partner’s dissociation A partner is dissociated from a partnership upon the occurrence of any of the following events:

  • (1) the partnership’s having notice of the partner’s express will to withdraw as a partner
    or on a later date specified by the partner; (2) an event agreed to in the partnership agreement as causing the partner’s dissociation; (3) the partner’s expulsion pursuant to the partnership agreement; (4) the partner’s expulsion by the unanimous vote of the other partners if: (A) it is unlawful to carry on the partnership business with that partner; (B) there has been a transfer of all or substantially all of that partner’s transferable
    interest in the partnership, other than a transfer for security purposes, or a court
    order charging the partner’s interest, which has not been foreclosed; (C) within 90 days after the partnership notifies a corporate partner that it will be
    expelled because it has filed a certificate of dissolution or the equivalent, its
    charter has been revoked, or its right to conduct business has been suspended by the
    jurisdiction of its incorporation, there is no revocation of the certificate of dissolution
    or no reinstatement of its charter or its right to conduct business; or (D) a partnership that is a partner has been dissolved and its business is being wound
    up; (5) on application by the partnership or another partner, the partner’s expulsion by judicial
    determination because: (A) the partner engaged in wrongful conduct that adversely and materially affected the
    partnership business; (B) the partner willfully or persistently committed a material breach of the partnership
    agreement or of a duty owed to the partnership or the other partners under section 3234 of this title; or (C) the partner engaged in conduct relating to the partnership business which makes it
    not reasonably practicable to carry on the business in partnership with the partner; (6) the partner’s: (A) becoming a debtor in bankruptcy; (B) executing an assignment for the benefit of creditors; (C) seeking, consenting to, or acquiescing in the appointment of a trustee, receiver,
    or liquidator of that partner or of all or substantially all of that partner’s property;
    or (D) failing, within 90 days after the appointment, to have vacated or stayed the appointment
    of a trustee, receiver, or liquidator of the partner or of all or substantially all
    of the partner’s property obtained without the partner’s consent or acquiescence,
    or failing within 90 days after the expiration of a stay to have the appointment vacated; (7) in the case of a partner who is an individual: (A) the partner’s death; (B) the appointment of a guardian or general conservator for the partner; or (C) a judicial determination that the partner has otherwise become incapable of performing
    the partner’s duties under the partnership agreement; (8) in the case of a partner that is a trust or is acting as a partner by virtue of being
    a trustee of a trust, distribution of the trust’s entire transferable interest in
    the partnership, but not merely by reason of the substitution of a successor trustee; (9) in the case of a partner that is an estate or is acting as a partner by virtue of
    being a personal representative of an estate, distribution of the estate’s entire
    transferable interest in the partnership, but not merely by reason of the substitution
    of a successor personal representative; or (10) termination of a partner who is not an individual, partnership, corporation, trust,
    or estate. (Added 1997, No. 149 (Adj

Source: official Vermont text · Last verified 2026-08-27

Frequently Asked Questions About Vermont § 3251

What does Vermont Statutes Online § 3251 cover?

Section 3251 ("Events causing partner’s dissociation A partner is dissociated from a partnership upon the occurrence of any of the following events:") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 3251?

A common citation format is "Vermont Statutes Online § 3251" (Vermont). 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 Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 3251 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.