35-10-618. Effect of partner's dissociation. (1) If a partner's dissociation results in a dissolution and winding up of the partnership business, 35-10-602, 35-10-609, and 35-10-624 through 35-10-629 apply; otherwise 35-10-619 through 35-10-623 apply.
(2) Upon a partner's dissociation:
(a) the partner's right to participate in the management and conduct of the partnership business terminates, except as provided in 35-10-609;
(b) the partner's duty of loyalty under 35-10-405(2)(c) terminates; and
(c) the partner's duty of loyalty under 35-10-405(2)(a) and (2)(b) and duty of care under 35-10-405(4) continue only with regard to matters arising or events occurring before the dissociation.
History: En. Sec. 38, Ch. 238, L. 1993.