Hudson v. McSherry & Hudson CA4/1
Appellant Frederick R. Hudson III is the former partner of respondents David Bachan and Steven Duke in an insurance brokerage firm. The parties dispute the ownership of an insurance policy purchased by Bachan and Duke on Hudson’s life. The trial court determined that at the time Hudson gave a notice to withdraw from the partnership under Corporations Code section 16601 the partnership had already been dissolved, preventing Hudson from exercising his right to transfer the life insurance policy under the parties’ partnership agreement. On appeal from the trial court’s judgment, Hudson asserts the court erred by concluding the partnership was dissolved. We reject Hudson’s argument and affirm the judgment.
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