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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Schneider v. Schneider, 146 S.W.2d 584 (1941)

Citation
Schneider v. Schneider, 146 S.W.2d 584 (1941)
Parent Document
Schneider v. Schneider, 146 S.W.2d 584 (1941)
Jurisdiction
Missouri (state)
Effective Date
1941-01-04

Other Sections in This Document (37)

Full Text

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shows that the individual defendants refused to permit respondent to have anything to do with the business and physically removed his tools and equipment from the business. While it is hinted that this action was caused by his indolence and inefficiency, there is no evidence tending to show misconduct on his part. Such expulsion of a partner alone warrants judicial dissolution. [20 R. C. L. 956.] In addition it is shown that after expelling respondent from the business his mother and brother organized the corporate defendant, owning and controlling its capital stock and managing its business, and that they transferred to it all of the assets of the partnership. Where all of the assets of a partnership are lawfully transferred to a corporation created by the partners, the partnership becomes functus officio