Common use of Payment If Partnership Continued After Dissolution Clause in Contracts

Payment If Partnership Continued After Dissolution. If, on dissolution, the remaining partners elect to continue the partnership business under subsection (B) of this article, they shall pay to the retiring, withdrawing, or expelled partner, or to the estate of the deceased partner, the value of such partner’s interest, as determined by subsection (D) of this article, as of the date of dissolution. Such payment shall be made within months of dissolution.

Payment If Partnership Continued After Dissolution. If, on dissolution, the remaining partners elect to continue the partnership business under subsection (B) of this article, they shall pay to the retiring, withdrawing, or expelled partner, or to the estate of the deceased partner, the value of such partner’s interest, as determined by subsection (D) of this article, as of the date of dissolution. Such payment shall be made within months of dissolution.. Value Of Partner’s Interest. The value of a partner’s interest in the partnership shall be computed by (1) adding the totals of the partner’s