P.R. Laws tit. 10, § 1454
2019-02-20 00:00:00+00
Partnerships constituted in accordance with this Code shall be wholly dissolved for the following reasons:
(1) Expiration of the term stipulated in the partnership contract;
(2) entire loss of capital;
(3) failure of the partnership;
(4) death of one of the general partners, unless the partnership contract contains an express agreement providing that the heirs of the deceased partners shall continue in the partnership, or that the partnership shall be continued by the surviving partners;
(5) insanity or other cause producing the incapacity of a managing partner to manage his property;
(6) bankruptcy of any of the general partners.
History —Commerce Code, 1932, § 141.