ORS 67.220
Events causing partner’s dissociation


A partner is dissociated from a partnership upon the occurrence of any of the following events:

(1)

The partnership’s having notice of the partner’s express will to withdraw as a partner or on a later date specified by the partner;

(2)

An event agreed to in the partnership agreement as causing the partner’s dissociation;

(3)

The partner’s expulsion pursuant to the partnership agreement;

(4)

The partner’s expulsion by the unanimous vote of the other partners if:

(a)

It is unlawful to carry on the partnership business with that partner;

(b)

There has been a transfer of all or substantially all of that partner’s transferable interest in the partnership, other than a transfer for security purposes that has not been foreclosed or a court order charging the partner’s interest that has not been foreclosed;

(c)

Within 90 days after the partnership notifies a corporation that is a partner that it will be expelled because it has filed articles of dissolution or the equivalent, has been administratively dissolved or has had its right to conduct business suspended by the jurisdiction of its incorporation, there is no revocation of the articles of dissolution or the administrative dissolution or no reinstatement of its right to conduct business;

(d)

Within 90 days after the partnership notifies a limited liability company that is a partner that it will be expelled because it has filed articles of dissolution or the equivalent, has been administratively dissolved or has had its right to conduct business suspended by the jurisdiction of its organization, there is no revocation of the articles of dissolution or the administrative dissolution or no reinstatement of its right to conduct business;

(e)

Within 90 days after the partnership notifies a limited partnership that is a partner that it will be expelled because it has filed a certificate of cancellation or the equivalent, has been administratively inactivated or has had its right to conduct business suspended by the jurisdiction of its organization, there is no revocation of the certificate of cancellation or the administrative inactivation or no reinstatement of its right to conduct business; or

(f)

A partnership that is a partner has been dissolved and its business is being wound up;

(5)

On application by the partnership or another partner, the partner’s expulsion by judicial determination because:

(a)

The partner engaged in wrongful conduct that adversely and materially affected the partnership business;

(b)

The partner willfully or persistently committed a material breach of the partnership agreement or of a duty owed to the partnership or the other partners under ORS 67.155 (General standards of partner’s conduct); or

(c)

The partner engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with the partner;

(6)

The partner is:

(a)

Becoming a debtor in bankruptcy;

(b)

Executing an assignment for the benefit of creditors;

(c)

Seeking, consenting to or acquiescing in the appointment of a trustee, receiver or liquidator of that partner or of all or substantially all of that partner’s property; or

(d)

Failing, within 90 days after the appointment, to have vacated or stayed the appointment of a trustee, receiver or liquidator of the partner or of all or substantially all of the partner’s property obtained without the partner’s consent or acquiescence, or failing within 90 days after the expiration of a stay to have the appointment vacated;

(7)

In the case of a partner who is an individual:

(a)

The partner’s death;

(b)

The appointment of a guardian or general conservator for the partner; or

(c)

A judicial determination that the partner has otherwise become incapable of performing the partner’s duties under the partnership agreement;

(8)

In the case of a partner that is a trust or is acting as a partner by virtue of being a trustee of a trust, distribution of the trust’s entire transferable interest in the partnership, but not merely by reason of the substitution of a successor trustee;

(9)

In the case of a partner that is an estate or is acting as a partner by virtue of being a personal representative of an estate, distribution of the estate’s entire transferable interest in the partnership, but not merely by reason of the substitution of a successor personal representative; or

(10)

Termination of the existence of a partner who is not an individual, partnership, limited partnership, limited liability company, corporation, trust or estate. [1997 c.775 §27]

Source: Section 67.220 — Events causing partner’s dissociation, https://www.­oregonlegislature.­gov/bills_laws/ors/ors067.­html.

67.005
Definitions
67.011
Filing requirements
67.014
Filing, service, copying and certification fees
67.017
Effective time and date of document
67.021
Filing duty of Secretary of State
67.024
Appeal from actions of Secretary of State
67.027
Evidentiary effect of copy of filed document
67.030
Certificate of existence or authorization
67.033
Powers
67.040
Knowledge and notice
67.042
Effect of partnership agreement
67.044
Supplemental principles of law
67.046
Governing law
67.050
Partnership as entity
67.055
Creation of partnership
67.060
Partnership property
67.065
When property is partnership property
67.070
General powers of partnership
67.090
Partner agent of partnership
67.095
Transfer of partnership property
67.100
Partnership liable for partner’s actionable conduct
67.105
Partner’s liability
67.110
Actions by and against partnership and partners
67.115
Liability of purported partner
67.140
Partner’s rights and duties
67.145
Distributions in kind
67.150
Partner’s rights and duties with respect to information
67.155
General standards of partner’s conduct
67.160
Actions by partnership and partners
67.165
Continuation of partnership beyond definite term or particular undertaking
67.190
Partner not co-owner of partnership property
67.195
Partner’s transferable interest in partnership
67.200
Transfer of whole or part of partner’s transferable interest
67.205
Partner’s transferable interest subject to charging order
67.220
Events causing partner’s dissociation
67.225
Partner’s power to dissociate
67.230
Effect of partner’s dissociation
67.250
Purchase of dissociated partner’s interest
67.255
Dissociated partner’s power to bind and liability to partnership
67.260
Dissociated partner’s liability to other persons
67.265
Continued use of partnership name
67.290
Events causing dissolution and winding up of partnership business
67.295
Partnership continues after dissolution
67.300
Right to wind up partnership business
67.305
Partner’s power to bind partnership after dissolution
67.310
Partner’s liability to other partners after dissolution
67.315
Settlement of accounts and contributions among partners
67.340
Definitions for ORS 67.340 to 67.365
67.342
Conversion
67.344
Action on plan of conversion
67.346
Articles and plan of conversion
67.348
Effect of conversion
67.360
Merger
67.362
Action on plan of merger
67.364
Articles and plan of merger
67.365
Effect of merger
67.600
Eligibility for registration as a limited liability partnership
67.603
Application for registration
67.606
Cancellation of registration
67.610
Effect of changes in partnership on limited liability partnership status and liability of partners
67.615
Distributions to partners
67.625
Limited liability partnership name
67.635
Service of process on limited liability partnership
67.645
Annual report
67.655
Grounds for administrative revocation
67.660
Procedure for and effect of administrative revocation
67.665
Reinstatement following administrative revocation
67.670
Appeal from denial of reinstatement
67.680
Interstate application
67.700
Authority to transact business
67.705
Consequences of transacting business without authority
67.710
Application for authority to transact business
67.715
Amendment to application for authority
67.720
Limitations applicable to foreign limited liability partnerships
67.730
Name of foreign limited liability partnership
67.740
Withdrawal of foreign limited liability partnership
67.750
Grounds for revocation
67.755
Procedure for and effect of revocation
67.760
Appeal from revocation
67.765
Reinstatement of authority
67.770
Action by Attorney General
67.800
Uniformity of application and construction
67.805
Severability
67.810
Partnership subject to amendment or repeal of chapter
67.815
Short title
67.990
Penalty for signing false document
Green check means up to date. Up to date