SECTION 620.1801. Nonjudicial dissolution.
Latest version.
1(1) 2Except as otherwise provided in s. 8620.1802, 9a limited partnership is dissolved, and its activities must be wound up, only upon the occurrence of any of the following:30(a) 31The happening of an event specified in the partnership agreement;
41(b) 42The consent of all general partners and of all limited partners;
53(c) 54After the dissociation of a person as a general partner:641. 65If the limited partnership has at least one remaining general partner, the consent to dissolve the limited partnership by all partners at the time the consent is to be effective; or
962. 97If the limited partnership does not have a remaining general partner, the passage of 90 days after the dissociation, unless before the end of the period:123a. 124Consent to continue the activities of the limited partnership and admit at least one general partner is given by all partners at the time the consent is to be effective;
154b. 155At least one person is admitted as a general partner in accordance with the consent;
170(d) 171The passage of 90 days after the dissociation of the limited partnership’s last limited partner, unless before the end of the period the limited partnership admits at least one limited partner; or
203(e) 204The signing and filing of a declaration of dissolution by the Department of State under s. 220620.1809(3)221. 222(2) 223Upon the occurrence of an event specified in paragraphs (1)(a)-(d), the limited partnership shall file a certificate of dissolution as provided in s. 246620.1203247.
Bills Cite this Section:
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Cited by Court Cases:
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