Involuntary Withdrawal from Partnership

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Definition of "Involuntary Withdrawal from Partnership"

A process where a partner is withdrawn from a partnership without that partner's consent. Here the partnership is giving notice to that partner. Examples of involuntary withdrawal are: death of partner, incapacity of partner, disability of partner, incompetence of partner, breach of fiduciary duty by partner, criminal conviction of partner, operation of law against partner, and legal judgment against partner.

"Involuntary Withdrawal from Partnership" is referred to in the following legal documents:

Notice of Withdrawal from Partnership

See also:

Partnership

Voluntary Withdrawal from Partnership