48-7A-603. Effect of partner's dissociation.
(a) If a partner's dissociation results in a dissolution and winding up of the partnership business, Article 8 applies; otherwise, Article 7 applies.
(b) Upon a partner's dissociation:
(1)The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in §48-7A-803;
(2)The partner's duty of loyalty under subsection 48-7A-404(b)(3) terminates; and
(3)The partner's duty of loyalty under subsections 48-7A-404(b)(1) and (2) and duty of care under subsection 48-7A-404(c) continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's business pursuant to §48-7A-803.
Source: SL 2001, ch 249, §603.