§ 9A-603

Maryland § 9A-603

• Jurisdiction: Maryland
• Article gca: Corporations and Associations
• Title: 9A

Text

(a) If a partner’s dissociation results in a dissolution and winding up of the partnership business, Subtitle 8 of this title applies; otherwise, Subtitle 7 of this title 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 § 9A–803 of this title;

(2) The partner’s duty of loyalty under § 9A–404(b)(3) of this title terminates; and

(3) The partner’s duty of loyalty under § 9A–404(b)(1) and (2) of this title and duty of care under § 9A–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 § 9A–803 of this title.