Section 10-8A-704 Statement of dissociation. - Alabama Statutes

Section 10-8A-704

Statement of dissociation.

(a) 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.

(b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of Section 10-8A-303(d) and (e).

(c) For the purposes of Sections 10-8A-702(a)(3) and 10-8A-703(b)(3), a person not a partner is deemed to have notice of the dissociation 90 days after the statement of dissociation is filed.

(Acts 1996, No. 96-528, p. 685, §1.)