Illinois Code § 805 ILCS 215/801

Nonjudicial dissolution.
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Except as otherwise provided in Section 802, a limited partnership is dissolved, and its activities must be wound up, only upon the occurrence of any of the following:
 
 
(1) the happening of an event specified in the 
 
partnership agreement;
 
 
(2) the consent of all general partners and of 
 
limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective;
 
 
(3) after the dissociation of a person as a general 
 
partner:
 
 
 
(A) if the limited partnership has at least one 
 
 
remaining general partner, the consent to dissolve the limited partnership given within 90 days after the dissociation by partners owning a majority of the rights to receive distributions as partners at the time the consent is to be effective; or
 
 
 
(B) if the limited partnership does not have a 
 
 
remaining general partner, the passage of 90 days after the dissociation, unless before the end of the period:
 
 
 
 
(i) consent to continue the activities of the 
 
 
 
limited partnership and admit at least one general partner is given by limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; and
 
 
 
 
(ii) at least one person is admitted as a 
 
 
 
general partner in accordance with the consent;
 
 
(4) the passage of 90 days after the dissociation of 
 
the limited partnership's last limited partner, unless before the end of the period the limited partnership admits at least one limited partner; or
 
 
(5) the signing and filing of a declaration of 
 
dissolution by the Secretary of State under Section 809(c). 

partnership agreement;
limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective;
partner:
remaining general partner, the consent to dissolve the limited partnership given within 90 days after the dissociation by partners owning a majority of the rights to receive distributions as partners at the time the consent is to be effective; or
remaining general partner, the passage of 90 days after the dissociation, unless before the end of the period:
limited partnership and admit at least one general partner is given by limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; and
general partner in accordance with the consent;
the limited partnership's last limited partner, unless before the end of the period the limited partnership admits at least one limited partner; or
dissolution by the Secretary of State under Section 809(c).

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