Alabama § 10A-8A-6.03 Effect of Partner’s Dissociation

Alabama Statutes

§ 10A-8A-6.03 — Effect of Partner’s Dissociation

Alabama § 10A-8A-6.03

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 8AAlabama Partnership Law

Art. 6Partner’s Dissociation

This text of Alabama § 10A-8A-6.03 (Effect of Partner’s Dissociation) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-8A-6.03 (2026).

Text

(a)If a person’s dissociation results in a dissolution and winding up of the partnership business or not for profit activity, Article 8 applies; otherwise, Article 7 applies.

(b)Upon a person’s dissociation as a partner:

(1)the person’s right to participate in the management and conduct of the partnership business or not for profit activity terminates, except as provided in Section 10A-8A-8.03;

(2)the person’s duty of loyalty under Section 10A-8A-4.11(b)(3) terminates; and

(3)the person’s duty of loyalty under Section 10A-8A-4.11(b)(1) and (2) and duty of care under Section 10A-8A-4.11(c) continue only with regard to matters arising and events occurring before the person’s dissociation, unless the partner participates in winding up the partnership’s business or not for profit activity

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(a) If a person’s dissociation results in a dissolution and winding up of the partnership business or not for profit activity, Article 8 applies; otherwise, Article 7 applies.
(b) Upon a person’s dissociation as a partner:
(1) the person’s right to participate in the management and conduct of the partnership business or not for profit activity terminates, except as provided in Section 10A-8A-8.03;
(2) the person’s duty of loyalty under Section 10A-8A-4.11(b)(3) terminates; and
(3) the person’s duty of loyalty under Section 10A-8A-4.11(b)(1) and (2) and duty of care under Section 10A-8A-4.11(c) continue only with regard to matters arising and events occurring before the person’s dissociation, unless the partner participates in winding up the partnership’s business or not for profit activity pursuant to Section 10A-8A-8.03.