The retirement, death, or insanity of a general partner dissolves the partnership, unless the business is continued by the remaining general partners:

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Terms Used In Minnesota Statutes 322.20

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

(1) under a right so to do stated in the certificate; or

(2) with the consent of all members.