Wind, who has been a partner in the PLW general partnership for four years, decides to withdraw
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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.
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