$2$ points

If Gerard Koontz retires from being a general partner in a limited partnership, which of the following is correct?

The partnership is dissolved according to the Revised Uniform Limited Partnership Act $($RULPA$).$

Only the person Mr$.$ Koontz nominates can take his partnership interest.

A member from Mr$.$ Koontz's immediate family can automatically assume his partnership rights and responsibilities.

The partnership operates normally without him.