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Part 1 · General partnership  ›  Title 4 · Dissolution of the partnership and withdrawal of partners › Section 140

Section 140

(1) If a circumstance relating to the person of a partner arises which, pursuant to section 133, entitles the other partners to demand dissolution of the partnership, the court may order the expulsion of such partner from the partnership in lieu of dissolution, provided that the other partners have filed a motion to this effect. A court action to expel a partner will not be precluded by the fact that only one partner will remain after the expulsion.

(2) The partnership’s assets position at the time the action for expulsion was filed will be determinative for the apportionment of assets and liabilities between the partnership and the expelled partner.

Sections 141 and 142
(repealed)

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