A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events:
(1) In a partnership at will, the partnership's having notice from a partner, other than a partner who is dissociated under subdivisions (2) through (10) of section 67-431, of that partner's express will to withdraw as a partner, or on a later date specified by the partner;
(2) In a partnership for a definite term or particular undertaking:
(a) Within ninety days after a partner's dissociation by death or otherwise under subdivisions (6) through (10) of section 67-431 or wrongful dissociation under subsection (2) of section 67-432, the express will of at least a majority of the remaining partners to wind up the partnership business, for which purpose a partner's rightful dissociation pursuant to subdivision (2)(b)(i) of section 67-432 constitutes the expression of that partner's will to wind up the partnership business;
(b) The express will of all of the partners to wind up the partnership business; or
(c) The expiration of the term or the completion of the undertaking;
(3) An event agreed to in the partnership agreement resulting in the winding up of the partnership business;
(4) An event that makes it unlawful for all or substantially all of the business of the partnership to be continued, but a cure of illegality within ninety days after notice to the partnership of the event is effective retroactively to the date of the event for purposes of this section;
(5) On application by a partner, a judicial determination that:
(a) The economic purpose of the partnership is likely to be unreasonably frustrated;
(b) Another partner has engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with that partner; or
(c) It is not otherwise reasonably practicable to carry on the partnership business in conformity with the partnership agreement; or
(6) On application by a transferee of a partner's transferable interest, a judicial determination that it is equitable to wind up the partnership business:
(a) After the expiration of the term or completion of the undertaking, if the partnership was for a definite term or particular undertaking at the time of the transfer or entry of the charging order that gave rise to the transfer; or
(b) At any time, if the partnership was a partnership at will at the time of the transfer or entry of the charging order that gave rise to the transfer.
Notes of Decisions
Robertson v. Jacobs Cattle Co., 830 N.W.2d 191 (Neb. 2013).
· cites it 11× “Generally, the partnership must be dissolved and its business wound up only upon the occurrence of one of the events listed in § 801 of the Revised Uniform Partnership Act, upon which Neb. Rev. Stat. § 67-439 (Reissue 2010) is based.”
Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb. 2008).
· cites it 9× “" Section 67-433(1) manifests a legislative intent to create separate paths—dissolution and winding up or mandatory buyout— through which a dissociated partner can recover partnership interests: "If a partner's dissociation results in a dissolution and winding up of the…”
State v. Richardson, 830 N.W.2d 183 (Neb. 2013).
· cites it 3× “Generally, the partnership must be dissolved and its business wound up only upon the occurrence of one of the events listed in § 801 of the Revised Uniform Partnership Act, upon which Neb. Rev. Stat. § 67-439 (Reissue 2010) is based.”
Robertson v. Jacobs Cattle Co., 292 Neb. 195 (2015).
· cites it 2× “Rev. Stat. § 67-439 (5) (Reissue 2009). However, the court ordered dissociation of the four partners by judicial expulsion pursuant to Neb.”
Sebade v. Sebade, 28 N.W.3d 19 (Neb. 2025).
“59 [35] We do not decide in this appeal whether there was an underlying tort supporting Sarah’s joint liability for those damages falling solely under the court’s discussion of breach of contract, however, because this was neither specifically assigned nor specifically argued on…”
Neb. Rev. Stat. § 67-439(1): 1 case
Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb. 2008).
“" Section 67-433(1) manifests a legislative intent to create separate paths—dissolution and winding up or mandatory buyout— through which a dissociated partner can recover partnership interests: "If a partner's dissociation results in a dissolution and winding up of the…”
Neb. Rev. Stat. § 67-439(5): 2 cases
Robertson v. Jacobs Cattle Co., 830 N.W.2d 191 (Neb. 2013).
“Generally, the partnership must be dissolved and its business wound up only upon the occurrence of one of the events listed in § 801 of the Revised Uniform Partnership Act, upon which Neb. Rev. Stat. § 67-439 (Reissue 2010) is based.”
Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb. 2008).
“" Section 67-433(1) manifests a legislative intent to create separate paths—dissolution and winding up or mandatory buyout— through which a dissociated partner can recover partnership interests: "If a partner's dissociation results in a dissolution and winding up of the…”
Neb. Rev. Stat. § 67-439(5)(b): 1 case
Robertson v. Jacobs Cattle Co., 830 N.W.2d 191 (Neb. 2013).
“Generally, the partnership must be dissolved and its business wound up only upon the occurrence of one of the events listed in § 801 of the Revised Uniform Partnership Act, upon which Neb. Rev. Stat. § 67-439 (Reissue 2010) is based.”
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