← belizelaw.ai · Limited Liability Partnership, Cap. 258 · PART V — Dissolution and Winding-Up, etc.

Power of Court to order dissolution

Cap. 258, s. 24 · Revised Edition 2020

(1) The Court may, on the application of any partner in a limited liability partnership, order the dissolution of the partnership in any of the following cases– (a) when a partner, other than the partner making the application, becomes in any way permanently incapable of performing his part of the partnership agreement; (b) when a partner, other than the partner making the application has been guilty of such conduct as, in the opinion of the Court, regard being had to the nature of the business, is calculated to prejudicially affect the carrying on of the business; (c) when a partner, other than the partner making the application, wilfully or persistently commits a breach of the agreement, or otherwise so conducts himself in matters relating to the partnership business that it is not reasonably practicable for the other partner or partners to carry on the partnership business in partnership with him; (d) when the business of the partnership can only be carried on at a loss; or (e) whenever circumstances arise which, in the opinion of the Court, render it just and equitable that the partnership be dissolved. (2) Where the Court orders the dissolution of a limited liability partnership, the partner making the application for dissolution shall deliver a copy of the order to the Registrar within twenty-eight days after it is made. 27 (3) A failure to comply with sub-section (2) shall be an
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Power of Court to order dissolution — Cap. 258 s. 24 · Belize Law