Statement of dissolution

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  • (a) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business.

  • (b) A statement of dissolution cancels a filed statement of partnership authority for the purposes of section 43, subsection (d) of this chapter and is a limitation on authority for the purposes of section 43, subsection (e) of this chapter.

  • (c) For the purposes of sections 41 and 174 of this chapter, a person not a partner is deemed to have notice of the dissolution and the limitation on the partners authority as a result of the statement of dissolution 90 days after it is filed.

  • (d) After filing and, if appropriate, recording a statement of dissolution, a dissolved partnership may file and, if appropriate, record a statement of partnership authority which will operate with respect to a person not a partner as provided in section 43, subsections (d) and (e) of this chapter in any transaction, whether or not the transaction is appropriate for winding up the partnership business.


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