Adams v. Jarvis

1. Does a withdrawal of a partner constitute a dissolution of the partnership under sec. 123.25, Stats., notwithstanding a partnership agreement to the contrary?

2. Is plaintiff, as withdrawing partner, entitled to a share of the accounts receivable ?

Withdrawal.

Sec. 123.25, Stats., states:

“Dissolution of partnership defined. (1) The dissolution of a partnership is the change in the relation of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business.

“(2) On dissolution the partnership is not terminated, but continues…