Montana § 35-10-627 Statement Of Dissolution

Montana Statutes

§ 35-10-627 — Statement Of Dissolution

Montana § 35-10-627

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 10PARTNERSHIPS IN GENERAL

Part 6Dissolution and Winding Up

This text of Montana § 35-10-627 (Statement Of Dissolution) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-10-627 (2026).

Text

35-10-627 . Statement of dissolution.

(1)After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business.

(2)If a statement of dissolution is filed, the statement must be filed with the same entity with which the original partnership agreement was filed.

(3)A statement of dissolution cancels a filed statement of partnership authority for the purposes of 35-10-310 (4) and is a limitation on authority for the purposes of 35-10-310 (5).

(4)For the purposes of 35-10-301 and 35-10-626 , a person who is not a partner is considered to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution

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35-10-627 . Statement of dissolution. (1) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business.
(2) If a statement of dissolution is filed, the statement must be filed with the same entity with which the original partnership agreement was filed.
(3) A statement of dissolution cancels a filed statement of partnership authority for the purposes of 35-10-310 (4) and is a limitation on authority for the purposes of 35-10-310 (5).
(4) For the purposes of 35-10-301 and 35-10-626 , a person who is not a partner is considered to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution 90 days after it is filed.
(5) After filing and, if appropriate, recording a statement of dissolution, the dissolved partnership may file and, if appropriate, record a statement of partnership authority that will operate with respect to a person who is not a partner as provided in 35-10-310 (4) and (5) in any transaction, whether or not the transaction is appropriate for winding up the partnership business.