Statement of dissociation

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Partnerships
  5. Uniform Partnership Act (1996)
  6. Partner's Dissociation When Business Not Wound Up
  7. Statement of dissociation

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  1. (a) A dissociated partner or the partnership may file a statement of dissociation stating:

    1. (1) The name of the partnership;

    2. (2) The name and mailing address of the dissociated partner;

    3. (3) That the partner is dissociated from the partnership; and

    4. (4) The date the dissociation is effective.

  2. (b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of § 4-46-303(d) and (e).

  3. (c) For the purposes of §§ 4-46-702(a)(3) and 4-46-703(b)(3), a person not a partner is deemed to have notice of the dissociation ninety (90) days after the statement of dissociation is filed.


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