48-7A-704. Statement of dissociation.
102 words·~1 min read·
/sd/title-48/chapter-48-7/48-7a-704A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A dissociated partner or the partnership may file a statement of dissociation in the Office of the Secretary of State 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 subsections 48 - 7A - 303(d) and (e).
(c)For the purposes of subsections 48 - 7A - 702(a)(3) and 48 - 7A - 703(b)(3), a person not a partner is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed.