Wrongful Dissociation definition
Wrongful Dissociation means a Partner's dissociation as a Partner for any of the following reasons: (a) the Partner's withdrawal by express will, unless (1) the withdrawal follows the Partner's (or its owner's) attainment of age 65, or (2) within 90 days after another Partner's Wrongful Dissociation or dissociation under §§14.01(e) – 14.01(h) hereof; (b) the Partner is dissociated by becoming a Debtor in Bankruptcy; (c) in the case of a Partner who is not an individual or estate, the Partner is expelled or otherwise dissociated because it willfully dissolved or terminated; or (d) the Partner is expelled pursuant to §8.02(d) or §14.01(c) (other than §14.01(c)(7)).
Examples of Wrongful Dissociation in a sentence
A Partner who Wrongfully Dissociates is liable to the Partnership and to the other Partners for damages caused by the Wrongful Dissociation.