Vermont § 3252 - Partner’s power to dissociate; wrongful dissociation
Full text of Vermont Vermont Statutes Online § 3252 — Partner’s power to dissociate; wrongful dissociation, with citation guidance and answers to common questions.
§ 3252. Partner’s power to dissociate; wrongful dissociation
- (a) A partner has the power to dissociate at any time, rightfully or wrongfully, by express
will pursuant to subdivision 3251(1) of this title. (b) A partner’s dissociation is wrongful only if: (1) it is in breach of an express provision of the partnership agreement; or (2) in the case of a partnership for a definite term or particular undertaking, before
the expiration of the term or the completion of the undertaking: (A) the partner withdraws by express will, unless the withdrawal follows within 90 days
after another partner’s dissociation by death or otherwise under subdivisions 3251(6)
through (10) of this title or wrongful dissociation under this subsection; (B) the partner is expelled by judicial determination under subdivision 3251(5) of this title; (C) the partner is dissociated by becoming a debtor in bankruptcy; or (D) in the case of a partner who is not an individual, trust other than a business trust,
or estate, the partner is expelled or otherwise dissociated because it willfully dissolved
or terminated. (c) A partner who wrongfully dissociates is liable to the partnership and to the other
partners for damages caused by the dissociation. The liability is in addition to any
other obligation of the partner to the partnership or to the other partners. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Frequently Asked Questions About Vermont § 3252
What does Vermont Statutes Online § 3252 cover?
Section 3252 ("Partner’s power to dissociate; wrongful dissociation") 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 § 3252?
A common citation format is "Vermont Statutes Online § 3252" (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 § 3252 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.