Girard Bank v. Haley

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Facts

One member of a partnership unilaterally decides to dissolve the partnership.

Holding

According to UPA, an "expression of a will to dissolve is effective as a dissolution even if contravention of the agreement."

Discussion

The court states that a partnership can be dissolved by just one member of the partnership. However, if the dissolution violates the partnership agreement, there may be contractual damages assessed against the acting member.