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2022 Maryland Statutes
Corporations and Associations
Title 9A - Maryland Revised Uniform Partnership Act
Subtitle 6 - Partner's Dissociation
Section 9A-603 - Effect of Partner's Dissociation

Universal Citation:
MD. Corporations and Associations Code § 9A-603 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    If a partner’s dissociation results in a dissolution and winding up of the partnership business, Subtitle 8 of this title applies; otherwise, Subtitle 7 of this title applies.

    (b)    Upon a partner’s dissociation:

        (1)    The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in § 9A–803 of this title;

        (2)    The partner’s duty of loyalty under § 9A–404(b)(3) of this title terminates; and

        (3)    The partner’s duty of loyalty under § 9A–404(b)(1) and (2) of this title and duty of care under § 9A–404(c) of this title 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 § 9A–803 of this title.

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