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Mont. Code Ann. § 35-10-618

Effect of partner's dissociation

Known as the Uniform Partnership Act

The act spans §§ 35–35 (101 sections).

En

(1) If a partner's dissociation results in a dissolution and winding up of the partnership business, 35-10-602, 35-10-609, and 35-10-624 through 35-10-629 apply; otherwise 35-10-619 through 35-10-623 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 provided in 35-10-609;

(b) the partner's duty of loyalty under 35-10-405 (2)(c) terminates; and

(c) the partner's duty of loyalty under 35-10-405 (2)(a) and (2)(b) and duty of care under 35-10-405 (4) continue only with regard to matters arising or events occurring before the dissociation.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.