§ 35-10-627 — Statement Of Dissolution

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.

Legislative History

En. Sec. 49, Ch. 238, L. 1993; amd. Sec. 14, Ch. 71, L. 2005.