Exclusion of a partner

If the partnership agreement stipulates that if a partner gives notice of termination, the partnership will be carried on by the remaining partners, then a partner in whose person a circumstance occurs that entitles the remaining partners to give notice under section 723 (1) sentence 2 may be excluded from the partnership. The remaining partners are jointly entitled to the right of exclusion. Exclusion occurs by declaration to the partner to be excluded.