56a-805. Statement of dissolution.

181 words·~1 min read·/ks/56a-805

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business.

(b)A statement of dissolution cancels a filed statement of partnership authority for the purposes of subsection

(d)of K.S.A. 56a-303 and is a limitation on authority for the purposes of subsection

(e)of K.S.A. 56a-303 .

(c)For the purposes of K.S.A. 56a-301 and 56a-804 , a person not a partner is deemed to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution 90 days after it is filed.

(d)After filing and, if appropriate, recording a statement of dissolution, a dissolved partnership may file and, if appropriate, record a statement of partnership authority which will operate with respect to a person not a partner as provided in subsections

(d)and

(e)of K.S.A. 56a-303 in any transaction, whether or not the transaction is appropriate for winding up the partnership business.