Arkansas § 4-46-603 Effect of partner's dissociation

Arkansas Statutes

§ 4-46-603 — Effect of partner's dissociation

Arkansas § 4-46-603

Title4

This text of Arkansas § 4-46-603 (Effect of partner's dissociation) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-46-603 (2026).

Text

(a)If a partner's dissociation results in a dissolution and winding up of the partnership business, § 4-46-801 et seq. applies; otherwise, § 4-46-701 et seq. 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 § 4-46-803 ;

(2)the partner's duty of loyalty under § 4-46-404(b)(3) terminates; and (3) the partner's duty of loyalty under § 4-46-404(b)(1) and (2) and duty of care under § 4-46-404(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 § 4-46-803 .

Free access — add to your briefcase to read the full text and ask questions with AI

(a) If a partner's dissociation results in a dissolution and winding up of the partnership business, § 4-46-801 et seq. applies; otherwise, § 4-46-701 et seq. 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 § 4-46-803 ; (2) the partner's duty of loyalty under § 4-46-404(b)(3) terminates; and (3) the partner's duty of loyalty under § 4-46-404(b)(1) and (2) and duty of care under § 4-46-404(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 § 4-46-803 .