KRS 362.1-704

Statement of dissociation

Known as the Kentucky Revised Uniform Partnership Act

The act spans §§ 362.1-1001 to 362.1-975 (90 sections).

Effective: July 12, 2006 History: Created 2006 Ky

(1) A dissociated partner or the partnership may file a statement of dissociation stating the name of the partnership and that the partner is dissociated from the partnership.

(2) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of KRS 362.1-303(4) and (5).

(3) For the purposes of KRS 362.1-702(1)(c) and 362.1-703(2)(c), a person not a partner has notice of the dissociation ninety (90) days after the statement of dissociation is filed.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.