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§ 79-13-603. Effect of partner’s dissociation

MS Code § 79-13-603 (2019) (N/A)
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(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 Section 79-13-803;

(2) The partner’s duty of loyalty under Section 79-13-404(b) (3) terminates; and

(3) The partner’s duty of loyalty under Section 79-13-404(b) (1) and (2) and duty of care under Section 79-13-404(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 Section 79-13-803.

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§ 79-13-602. Partner’s power to dissociate; wrongful dissociation
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