Right To Continue Business After Dissolution. On dissolution of the partnership, the remaining partners shall have the right to elect to continue the business of the partnership under the same name, by themselves, or with any additional persons they may choose. If the partners remaining desire to continue the business, but not together, the partnership shall be liquidated pursuant to Subsection (E) of this article.
Appears in 4 contracts
Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement
Right To Continue Business After Dissolution. On dissolution of the partnershippartnership by withdrawal of a Partner or insolvency of a Partner, the remaining partners Partners shall have the right to elect to continue the business of the partnership under the same name, by themselves, or with any additional persons they may choose. If choose without consideration to the partners remaining desire to continue the business, but not together, the partnership shall be liquidated pursuant to Subsection (E) of this articlewithdrawing or insolvent Partner.
Appears in 2 contracts
Samples: Partnership Agreement (Sun Network Group Inc), Partnership Agreement (Sun Network Group Inc)
Right To Continue Business After Dissolution. On dissolution of the partnershipPartnership, the remaining partners either Partner (except a Partner who withdrew or otherwise caused a dissolution pursuant to ARTICLE XIII.D. hereof) shall have the right to elect to continue the business of the partnership Partnership under the same name, by themselves, or with any additional persons Persons they may choose. If the partners remaining both Partners desire to continue the business, but not togetherare unable to agree on the terms for continuation of the business, the partnership Partnership shall be liquidated pursuant to Subsection (E) of this articleARTICLE XIII.D.5.
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