Oregon § 67.230 Effect of partner’s dissociation

Oregon Statutes

§ 67.230 — Effect of partner’s dissociation

Oregon § 67.230

Vol.2

Title 7Corporations and Partnerships

Ch. 67Partnerships; Limited Liability Partnerships

This text of Oregon § 67.230 (Effect of partner’s dissociation) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 67.230 (2026).

Text

(1)If a partner’s dissociation results in a dissolution and winding up of the partnership business, ORS 67.290 to 67.315 apply. If a partner’s dissociation does not result in dissolution and winding up of the partnership business, ORS 67.250 to 67.265 apply.

(2)Upon a partner’s dissociation:

(a)The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in ORS 67.300;

(b)The partner’s duty of loyalty under ORS 67.155 (2)(c) terminates; and

(c)The partner’s duty of loyalty under ORS 67.155 (2)(a) and (b) and duty of care under ORS 67.155 (3) 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

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(1) If a partner’s dissociation results in a dissolution and winding up of the partnership business, ORS 67.290 to 67.315 apply. If a partner’s dissociation does not result in dissolution and winding up of the partnership business, ORS 67.250 to 67.265 apply.
(2) Upon a partner’s dissociation:
(a) The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in ORS 67.300;
(b) The partner’s duty of loyalty under ORS 67.155 (2)(c) terminates; and
(c) The partner’s duty of loyalty under ORS 67.155 (2)(a) and (b) and duty of care under ORS 67.155 (3) 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 ORS 67.300. [1997 c.775 §29]
(Partner’s Dissociation When Business Not Wound Up)