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80004997
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Last modified
1/13/2010 10:20:47 PM
Creation date
1/13/2010 10:20:39 PM
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DEEDS
Inst Number
80004997
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V-3857-J 9/6/80 <br />${~-- ~p4997 <br />hereof}, death, dissolution, bankruptcy or insanity of any <br />_ partner, the Fartnership shall be dissolved; provided, <br />however, that the business of the Partnership :nay be continued <br />by the remaining partner if, within 90 days after the date of <br />such retirement, death, dissolution, bankruptcy ox insanity, <br />the remaining partner elects to continue the business of <br />the Partnership. if the business of the Partnership is so <br />continued after the retirement, death, dissolution, bankruptcy <br />or insanity of any partner, the status of the retired partner <br />or the estate or legal representatives of the deceased, <br />dissolved, bankrupt or insane partner shall be converted to an <br />interest as limited partner (and the necessary papers shall be <br />prepared and filed in order to convert the Partnership into a <br />limited partnership), but, for the purpose of computing all <br />contributions, distrinutions, credits and charges under this <br />Partnership Agreement, shall continue to be treated as a <br />general partner. <br />10.3 if the Partnership is dissolved in <br />accordance with Paragraph 10.2, or upon payment in full of <br />the Grand Mortgage, the Partnership shall. be liquidated and <br />its assets shall be distributed to the partners in proportion <br />to their respective Partnership lnterests. <br />it. tiiscellaneous <br />it.t All notices which any party may desire ar <br />require to give hereunder shall be in writing and shall be <br />given by mailing the same by registered or certified mail, <br />postage gcepaid, return receipt requested, addressed to the <br />partner to receive such notice: ~^r to the Partnership, at the <br />address for suds party or the Partnership first above set <br />8 <br />i.e.. <br />
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