Cal. Corp. Code § 16603

Partner’s Dissociation

Known as the Uniform Partnership Act

The act spans §§ 16100–16962 (85 sections).

Applied in 2 court decisions — leading case Fotouhi v. Mansdorf (2010)

Most recently applied in 317 Or. App. 788 - Sandhu v. Kumar (February 2022)

Added by Stats. 1996, Ch. 1003, Sec. 2

Upon a partner’s dissociation, all of the following apply:

(1) The partner’s right to participate in the management and conduct of the partnership business terminates.

(2) The partner’s duty of loyalty under paragraph (3) of subdivision (b) of Section 16404 terminates.

(3) The partner’s duty of loyalty under paragraphs (1) and (2) of subdivision (b) of Section 16404 and duty of care under subdivision (c) of Section 16404 continue only with regard to matters arising and events occurring before the partner’s dissociation.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.