California Statutes
§ 16603. — 16603. (Added by Stats. 1996, Ch. 1003, Sec. 2.)
California·Code CORP Corporations Code - CORP·Title 2. TITLE 2. PARTNERSHIPS·Ch. 5. CHAPTER 5. Uniform Partnership Act of 1994·Art. 6. ARTICLE 6. Partner’s Dissociation
Upon a partner’s dissociation, all of the following apply:
(1)The partner’s right to participate in the management and conduct of the partnership business terminates.
(2)The partner’s duty of loyalty under paragraph (3) of subdivision (b) of Section 16404 terminates.
(3)The partner’s duty of loyalty under paragraphs (1) and (2) of subdivision (b) of Section 16404 and duty of care under subdivision (c) of Section 16404 continue only with regard to matters arising and events occurring before the partner’s dissociation.
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California § 16603. (16603. (Added by Stats. 1996, Ch. 1003, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Fotouhi v. Mansdorf
427 B.R. 798 (N.D. California, 2010)
Legislative History
Added by Stats. 1996, Ch. 1003, Sec. 2. Effective January 1, 1997.