Delaware § 15-603 Effect of partner’s dissociation

Delaware Statutes

§ 15-603 — Effect of partner’s dissociation

Delaware § 15-603

Title6

Ch. 15DELAWARE REVISED UNIFORM PARTNERSHIP ACT

Subch.Partner’s Dissociation

This text of Delaware § 15-603 (Effect of partner’s dissociation) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 6, § 15-603 (2026).

Text

(a)If a partner’s dissociation results in a dissolution and winding up of the partnership business, subchapter VIII of this chapter applies; otherwise, subchapter VII of this chapter 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 § 15-803 of this title;

(2)the partner’s duty of loyalty under § 15-404(b)(3) of this title terminates; and

(3)the partner’s duty of loyalty under § 15-404(b)(1) and (2) of this title and duty of care under § 15-404(c) of this title 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 § 15-8

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(a) If a partner’s dissociation results in a dissolution and winding up of the partnership business, subchapter VIII of this chapter applies; otherwise, subchapter VII of this chapter 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 § 15-803 of this title;

(2) the partner’s duty of loyalty under § 15-404(b)(3) of this title terminates; and

(3) the partner’s duty of loyalty under § 15-404(b)(1) and (2) of this title and duty of care under § 15-404(c) of this title 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 § 15-803 of this title.