§ 45-20-05 — (805) 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. A statement of dissolution cancels a filed statement of partnership authority for the
purposes of subsection 3 of section 45-15-03.
3. For the purposes of sections 45-15-01 and 45-20-04, a person not a partner is
deemed to have notice of the dissolution and the limitation on the partners' authority as
a result of the statement of dissolution ninety days after it is filed.
4. After filing and, if appropriate, recording a statement of dissolution, a dissolved
partnership may file and, if appropriate, record a statement of partnership authority
which will operate with respect to a person not a partner as provided in subsections 3
and 4 of section 45-15-03 in any transaction, whether or not the transaction is
appropriate for winding up the partnership business.