Section 805 - Statement of dissolution. - Maryland Statutes

§ 9A-805. Statement of dissolution.
 

(a)  Filing.- After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business. 

(b)  Effect of filing on statement of partnership.- A filed statement of dissolution cancels a filed statement of partnership authority for the purposes of § 9A-303(c) of this title and is a limitation on authority for the purposes of § 9A-303(d) of this title. 

(c)  Notice.- For the purposes of § 9A-301 of this title and § 9A-804 of this subtitle, a person not a partner is deemed to have notice of the dissolution and the limitation on the partners' authority as a result of the statement of dissolution 90 days after it is filed. 

(d)  Statement of partnership authority.- After filing a statement of dissolution, a dissolved partnership may file a statement of partnership authority which will operate with respect to a person not a partner as provided in § 9A-303(c) and (d) of this title in any transaction, whether or not the transaction is appropriate for winding up the partnership business. 
 

[1997, ch. 654, § 2; 1998, ch. 743, §§ 1, 3; 2007, ch. 5, § 7.]