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Idaho Code § 30-23-801

Events causing dissolution

Known as the Idaho Uniform Partnership Act

The act spans §§ 30–30 (63 sections).

I.C., § 30-23 -801, as added by 2015, ch. 243, § 30, p. 758.

A partnership is dissolved, and its business must be wound up, upon the occurrence of any of the following:

(1) In a partnership at will, the partnership knows or has notice of a person’s express will to withdraw as a partner, other than a partner that has dissociated under section 30-23-601(2) through (10), Idaho Code, but, if the person has specified a withdrawal date later than the date the partnership knew or had notice, on the later date;

(2) In a partnership for a definite term or particular undertaking: Within ninety (90) days after a person’s dissociation by death or otherwise under section 30-23-601(6) through (10), Idaho Code, or wrongful dissociation under section 30-23-602(b), Idaho Code, the affirmative vote or consent of at least half of the remaining partners to wind up the partnership business, for which purpose a person’s rightful dissociation pursuant to section 30-23-602(b)(2)(A), Idaho Code, constitutes the expression of that partner’s expression of consent to wind up the partnership business;

(3) The affirmative vote or consent of all the partners to wind up the partnership business; or

(4) The expiration of the term or the completion of the undertaking;

(5) An event or circumstance that the partnership agreement states causes dissolution;

(6) On application by a partner, the entry by the district court of an order dissolving the partnership on the ground that: Conduct of all or substantially all the partnership’s business is unlawful;

(7) The economic purpose of the partnership is likely to be unreasonably frustrated;

(8) Another partner has engaged in conduct relating to the partnership business that makes it not reasonably practicable to carry on the business in partnership with that partner; or

(9) It is otherwise not reasonably practicable to carry on the partnership business in conformity with the partnership agreement;

(10) On application by a transferee, the entry by the district court of an order dissolving the partnership on the ground that it is equitable to wind up the partnership business: 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

(11) 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;

(12) The passage of ninety (90) consecutive days during which the partnership does not have at least two (2) partners.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.