wind who has been a partner in the plw general partnership for four years decides to 626943
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.