35-10-618. Effect of partner's dissociation.
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/mt/title-35/chapter-10/part-6/35-10-618·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-10-618 . Effect of partner's dissociation.
(1)If a partner's dissociation results in a dissolution and winding up of the partnership business, 35-10-602 , 35-10-609 , and 35-10-624 through 35-10-629 apply; otherwise 35-10-619 through 35-10-623 apply.
(2)Upon a partner's dissociation:
(a)the partner's right to participate in the management and conduct of the partnership business terminates, except as provided in 35-10-609 ;
(b)the partner's duty of loyalty under 35-10-405 (2)(c) terminates; and
(c)the partner's duty of loyalty under 35-10-405 (2)(a) and (2)(b) and duty of care under 35-10-405
(4)continue only with regard to matters arising or events occurring before the dissociation.