Which event does NOT lead to the automatic dissolution of a limited partnership?

In a limited partnership, the death of a limited partner does not automatically lead to the dissolution of the partnership. Limited partners are not involved in the day-to-day operations of the business; their liability is limited to the extent of their investment in the partnership. Therefore, the partnership can continue to exist even if a limited partner passes away. This is an important distinction because limited partners are generally seen as passive investors rather than active managers.

In contrast, the death, insolvency, or insanity of a general partner would lead to automatic dissolution. General partners are typically responsible for managing the partnership and making operational decisions, so their absence or inability to perform these functions could significantly impact the partnership's ability to continue its operations. This highlights the critical role that general partners play in the structure and management of a limited partnership.