Wind, who has been a partner in the PLW general partnership for four years
June 8th, 2024
Wind, who has been a partner in the PLW general partnership for four years, decides to withdraw from the partnership despite a written partnership agreement that states, “no partner may withdraw for a period of five years.” Under the Uniform Partnership Act, what is the result of Wind’s withdrawal?Wind’s withdrawal causes a dissolution of the partnership by operation of law.Wind’s withdrawal has no bearing on the continued operation of the partnership by the remaining partners.Wind’s withdrawal is not effective until Wind obtains a court-ordered decree of dissolution.Wind’s withdrawal causes a dissolution of the partnership despite being in violation of the partnership agreement.