<?xml version='1.0' encoding='utf-8'?>
<section article="gca" article_name="Corporations and Associations" number="9A-801" title_number="9A" title_name="Maryland Revised Uniform Partnership Act" subtitle_number="8" subtitle_name="Winding Up Partnership Business">
  <text>A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events:</text>
  <level label="1">
    <text>In a partnership at will, the partnership’s having notice from a partner, other than a partner who is dissociated under § 9A-601(2) through (10) of this title, of that partner’s express will to withdraw as a partner, or on a later date specified by the partner;</text>
  </level>
  <level label="2">
    <text>In a partnership for a definite term or particular undertaking:</text>
    <level label="i">
      <text>The expiration of 90 days after a partner’s dissociation by death or otherwise under § 9A-601(6) through (10) of this title or wrongful dissociation under § 9A-602(b) of this title, unless before that time a majority in interest of the remaining partners, including partners who have rightfully dissociated pursuant to § 9A-602(b)(2)(i) of this title, agree to continue the partnership;</text>
    </level>
    <level label="ii">
      <text>The express will of all of the partners to wind up the partnership business; or</text>
    </level>
    <level label="iii">
      <text>The expiration of the term or the completion of the undertaking;</text>
    </level>
  </level>
  <level label="3">
    <text>An event agreed to in the partnership agreement resulting in the winding up of the partnership business;</text>
  </level>
  <level label="4">
    <text>An event that makes it unlawful for all or substantially all of the business of the partnership to be continued, but a cure of illegality within 90 days after notice to the partnership of the event is effective retroactively to the date of the event for purposes of this section;</text>
  </level>
  <level label="5">
    <text>On application by a partner, a judicial determination that:</text>
    <level label="i">
      <text>The economic purpose of the partnership is likely to be unreasonably frustrated;</text>
    </level>
    <level label="ii">
      <text>Another partner has engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with that partner; or</text>
    </level>
    <level label="iii">
      <text>It is not otherwise reasonably practicable to carry on the partnership business in conformity with the partnership agreement; or</text>
    </level>
  </level>
  <level label="6">
    <text>On application by a transferee of a partner’s transferable interest, a judicial determination that it is equitable to wind up the partnership business:</text>
    <level label="i">
      <text>After the expiration of the term or completion of the undertaking, if the partnership was for a definite term or particular undertaking at the time of the transfer or entry of the charging order that gave rise to the transfer; or</text>
    </level>
    <level label="ii">
      <text>At any time, if the partnership was a partnership at will at the time of the transfer or entry of the charging order that gave rise to the transfer.</text>
    </level>
  </level>
</section>
