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Connecticut · Through Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)

Conn. Gen. Stat. § 34-357: Effect of partner's dissociation.

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Where this section sits in the code
  1. TITLE 34. LIMITED PARTNERSHIPS, PARTNERSHIPS, PROFESSIONAL ASSOCIATIONS, LIMITED LIABILITY COMPANIES AND STATUTORY TRUSTS
  2. CHAPTER 614*. UNIFORM PARTNERSHIP ACT. LIMITED LIABILITY PARTNERSHIPS
  3. PART VI. PARTNER'S DISSOCIATION

(a) If a partner's dissociation results in a dissolution and winding up of the partnership business, sections 34-372 to 34-378, inclusive, apply; otherwise, sections 34-362 to 34-366, inclusive, apply.

(b) Upon a partner's dissociation:

(1) The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 34-374;

(2) The partner's duty of loyalty under subdivision (3) of subsection (b) of section 34-338 terminates; and

(3) The partner's duty of loyalty under subdivisions (1) and (2) of subsection (b) of section 34-338 and duty of care under subsection (c) of said section 34-338 continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's business pursuant to section 34-374.

Collected 2026-09-06T19:07:11Z. Source file · JSON

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