2006 Code of Virginia § 50-73.115 - Statement of dissociation

50-73.115. Statement of dissociation.

A. A dissociated partner named as a partner in a filed statement ofpartnership authority or in a list maintained by an agent pursuant tosubsection B of 50-73.93 or a partnership that has filed a statement ofpartnership authority that has not been canceled may file a statement ofdissociation stating the name of the partnership, the identification numberissued by the Commission to the partnership, and that the partner isdissociated from the partnership.

B. A statement of dissociation is a limitation on the authority of adissociated partner for the purposes of subsections D and E of 50-73.93.

C. For the purposes of subdivision A 3 of 50-73.113 and subdivision B 3 of 50-73.114, a person not a partner is deemed to have notice of thedissociation 90 days after the statement of dissociation is filed.

(1996, c. 292; 2003, c. 567.)