SEC. 79-13-704. Statement of dissociation.
(a) A dissociated partner or the partnership may file a statement of dissociation stating the name of the partnership and that the partner is dissociated from the partnership.
(b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of Section 79-13-303(d) and (e).
(c) For the purposes of Sections 79-13-702(a)(3) and 79-13-703(b)(3), a person not a partner is deemed to have notice of the dissociation thirty (30) days after the statement of dissociation is filed.
SOURCES: Laws, 2004, ch. 458, § 704, SB 2504, eff from and
after Jan. 1, 2005.
Chapter Index | Table of Contents