48-1d-801. Purchase of interest of person dissociated as partner. (1) If a person is dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership’s activities and affairs under Section 48-1d-901, the partnership shall cause the person’s interest in the partnership to be purchased for a buyout price determined […]
48-1d-802. Power to bind and liability of person dissociated as partner. (1) After a person is dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership’s activities and affairs and before the partnership is merged out of existence, converted, or domesticated under Part 10, Merger, Interest Exchange, Conversion, […]
48-1d-803. Liability of person dissociated as partner to other persons. (1) A person’s dissociation as a partner does not of itself discharge the person’s liability as a partner for a debt, obligation, or other liability of the partnership incurred before dissociation. Except as otherwise provided in Subsection (2), the person is not liable for a […]
48-1d-804. Statement of dissociation. (1) A person dissociated as a 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. (2) A statement of dissociation is a limitation on the authority of a person dissociated as a partner for the […]
48-1d-805. Continued use of partnership name. Continued use of a partnership name, or name of a person dissociated as a partner as part of the partnership name, by partners continuing the business does not of itself make the person dissociated as a partner liable for an obligation of the partners or the partnership continuing the […]
