NY Pship L § 121-402 (2021)
2021 New York Laws PTR - Partnership Article 8-A - Revised Limited Partnership Act 121-402 - Events of Withdrawal of a General Partner.

§  121-402. Events of withdrawal of a general partner. A person ceases to be a general partner of a limited partnership upon the  happening  of any of the following events:  (a)  the  general  partner  withdraws  from the limited partnership as provided in section 121-602 of this article;  (b) the general partner ceases to be a general partner as provided  in section 121-702 of this article;  (c)  the  general  partner  is  removed as a general partner as may be provided in the partnership agreement;  (d) unless otherwise provided in the partnership agreement or approved by all partners, the general partner (i) makes  an  assignment  for  the benefit  of  creditors, (ii) is the subject of an order for relief under Title 11 of the United States Code, (iii) files  a  petition  or  answer seeking   for  himself  any  reorganization,  arrangement,  composition, readjustment, liquidation, dissolution,  or  similar  relief  under  any statute,  law,  or  regulation,  (iv) files an answer or other pleading, admitting or failing to contest the material allegations of  a  petition filed  against  him  in  any  proceeding  of  this nature, or (v) seeks, consents to, or acquiesces in the appointment of a trustee, receiver, or liquidator of the general partner or of all or any substantial  part  of his properties;  (e) unless otherwise provided in the partnership agreement or approved by  all  partners,  (i)  if  within  one  hundred  twenty days after the commencement of any  proceeding  against  the  general  partner  seeking reorganization,  arrangement,  composition,  readjustment,  liquidation, dissolution, or similar relief under any statute,  law,  or  regulation, the  proceeding  has not been dismissed or stayed, or within ninety days after the expiration of any such  stay,  the  proceeding  has  not  been dismissed,  or  (ii) if within ninety days after the appointment without his consent or acquiescence of a trustee, receiver, or liquidator of the general partner or of all or any substantial part of his properties, the appointment is not vacated or stayed, or within ninety  days  after  the expiration of any such stay, the appointment is not vacated;  (f)  in the case of a general partner who is a natural person, (i) his death or  (ii)  the  entry  of  a  judgment  by  a  court  of  competent jurisdiction  adjudicating  him  incompetent to manage his person or his property;  (g) in the case of a general  partner  who  is  acting  as  a  general partner  by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee);  (h) in the case of a general partner that is a partnership, unless the partnership agreement of such partnership provides for the right of  any one or more of the partners of such partnership to continue the business of   such   partnership  and  such  partnership  is  so  continued,  the dissolution and commencement of winding up of such partnership;  (i) in the case of a general partner that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the  corporation or the revocation of its charter;  (j)  in  the  case  of  a  general  partner  that  is  an  estate, the distribution by the fiduciary of the estate's  entire  interest  in  the limited partnership; or  (k)  in  the  case  of  a  general partner that is a limited liability company, unless  the  operating  agreement  of  such  limited  liability company  provides  for the right of any member of such limited liability company to continue the  limited  liability  company  and  such  limited liability  company  is so continued, the dissolution and commencement of winding up of such limited liability company.