Statement of dissociation.

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(1) A dissociated partner or the partnership may deliver to the secretary of state, for filing pursuant to part 3 of article 90 of this title, a statement of dissociation stating the true name of the partnership and that the partner is dissociated from the partnership.

  1. A statement of dissociation is a limitation on the authority of a dissociated partner forpurposes of section 7-64-303 (3) and (4).

  2. For purposes of sections 7-64-702 (1)(b) and 7-64-703 (2)(b), a person other than thepartnership or one of its partners has notice of the dissociation ninety days after the statement of dissociation is filed in the records of the secretary of state.

Source: L. 97: Entire article added, p. 890, § 1, effective January 1, 1998. L. 2000: (1) amended, p. 955, § 32, effective July 1. L. 2002: (1) amended, p. 1826, § 56, effective July 1; (1) amended, p. 1691, § 54, effective October 1. L. 2003: (1) and (3) amended, p. 2254, § 159, effective July 1, 2004. L. 2004: (1) and (2) amended, p. 1451, § 160, effective July 1.


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