70Dissolution not available in certain cases

#### 70 Dissolution not available in certain cases 70 Dissolution not available in certain cases > > (1) Subject to the terms of any agreement between the partners in a limited partnership— > > > > > (a) a limited partner is not entitled to dissolve the partnership by notice, and > > > > > (b) the general partners or the other limited partners are not entitled to dissolve the partnership because a limited partner has allowed the partner’s share of the partnership property to be charged for the partner’s separate liabilities, and > > > > > (c) the death, bankruptcy or retirement or, in the case of a corporation, the dissolution of a limited partner does not dissolve the partnership. > > > (2) The fact that a limited partner in a limited partnership or an incorporated limited partnership is declared to be of unsound mind and incapable of managing the partner’s affairs is not a ground for dissolution of the partnership by a Court unless the share and interest of the partner in the partnership cannot be otherwise ascertained or realised. > > **s 70:** Ins 1991 No 48, Sch 1. Am 1994 No 32, Sch 3; 2004 No 8, Sch 1 \[97\] \[98\].