§ 9A-603
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/md/corporations-and-associations/9a-603·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9A–603.
(a)If a partner’s dissociation results in a dissolution and winding up of the partnership business, Subtitle 8 of this title applies; otherwise, Subtitle 7 of this title applies.
(b)Upon a partner’s dissociation:
(1)The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in § 9A–803 of this title;
(2)The partner’s duty of loyalty under § 9A–404(b)(3) of this title terminates; and
(3)The partner’s duty of loyalty under § 9A–404(b)(1) and
(2)of this title and duty of care under § 9A–404(c) of this title continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership’s business pursuant to § 9A–803 of this title.