Iowa § 486A.603 Effect of partner’s dissociation

Iowa Statutes

§ 486A.603 — Effect of partner’s dissociation

Iowa § 486A.603

Title XIIBUSINESS ENTITIES

Ch. 486AUNIFORM PARTNERSHIP ACT

This text of Iowa § 486A.603 (Effect of partner’s dissociation) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 486A.603 (2026).

Text

1.If a partner’s dissociation results in a dissolution and winding up of the partnership business, article 8 applies; otherwise, article 7 applies.

2.Upon a partner’s dissociation all of the following apply:

a.The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 486A.803.

b.The partner’s duty of loyalty under section 486A.404, subsection 2, paragraph “c”, terminates.

c.The partner’s duty of loyalty under section 486A.404, subsection 2, paragraphs “a” and “b”, and duty of care under section 486A.404, subsection 3, 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 t

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

1. If a partner’s dissociation results in a dissolution and winding up of the partnership
business, article 8 applies; otherwise, article 7 applies.
2. Upon a partner’s dissociation all of the following apply:
a. The partner’s right to participate in the management and conduct of the partnership
business terminates, except as otherwise provided in section 486A.803.
b. The partner’s duty of loyalty under section 486A.404, subsection 2, paragraph “c”,
terminates.
c. The partner’s duty of loyalty under section 486A.404, subsection 2, paragraphs “a” and
“b”, and duty of care under section 486A.404, subsection 3, 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 486A.803.