486A.704 - STATEMENT OF DISSOCIATION.
486A.704 STATEMENT OF DISSOCIATION. 1. 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. 2. A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of section 486A.303, subsections 4 and 5. 3. For the purposes of section 486A.702, subsection 1, paragraph "c", and section 486A.703, subsection 2, paragraph "c", a person not a partner is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed.
Section History: Recent Form 98 Acts, ch 1201, §36, 79, 82 Referred to in § 486A.101, 486A.303, 486A.702, 486A.703