{"data":{"id":"us-ne/neb.-rev.-stat.-67-439","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 67-439","heading":"Neb. Rev. Stat. § 67-439","body":"A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events:\n\n(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;\n\n(2) In a partnership for a definite term or particular undertaking:\n\n(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;\n\n(b) The express will of all of the partners to wind up the partnership business; or\n\n(c) The expiration of the term or the completion of the undertaking;\n\n(3) An event agreed to in the partnership agreement resulting in the winding up of the partnership business;\n\n(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;\n\n(5) On application by a partner, a judicial determination that:\n\n(a) The economic purpose of the partnership is likely to be unreasonably frustrated;\n\n(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\n\n(c) It is not otherwise reasonably practicable to carry on the partnership business in conformity with the partnership agreement; or\n\n(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:\n\n(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\n\n(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.","path":["NE Code","Chapter 67"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=67-439","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"12484324b6b5f943f30c7232e5a7543583de1f77a2d305b7e4f70ac20e760cdc","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-67-438","next":"us-ne/neb.-rev.-stat.-67-440"},"notice":"GroundRules: Original legal text. Not legal advice."}