Title 07 · CRS Title 07
Effect of partner's dissociation
Citation: C.R.S. § 7-64-603
Section: 7-64-603
7-64-603. Effect of partner's dissociation. (1) If a partner's dissociation results in a dissolution and winding up of the partnership business, part 8 of this article applies; otherwise, part 7 of this article applies. (2) Upon a partner's dissociation: (a) The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 7-64-803; (b) The partner's duties under section 7-64-404 (1)(c) terminate; and (c) The partner's duties under section 7-64-404 (1)(a), (1)(b), and (2) 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 section 7-64-803. Source: L. 97: Entire article added, p. 887, � 1, effective January 1, 1998. PART 7 PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP