Maryland Statutes

§ 9A-603

Maryland·Article gca Corporations and Associations·Title 9A
(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

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Nearby Sections

15
§ 9A-1001
§ 9A-1001
§ 9A-1002
§ 9A-1002
§ 9A-1003
§ 9A-1003
§ 9A-1004
§ 9A-1004
§ 9A-1005
§ 9A-1005
§ 9A-1006
§ 9A-1006
§ 9A-1007
§ 9A-1007
§ 9A-1008
§ 9A-1008
§ 9A-1009
§ 9A-1009
§ 9A-101
§ 9A-101
§ 9A-1010
§ 9A-1010
§ 9A-1011
§ 9A-1011
§ 9A-1012
§ 9A-1012
§ 9A-1013
§ 9A-1013
§ 9A-1014
§ 9A-1014
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