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Iowa · Through Iowa Code 2026 edition

Iowa Code § 486A.805: Statement of dissolution.

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Where this section sits in the code
  1. Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
  2. Chapter 486A - UNIFORM PARTNERSHIP ACT
  3. Article 8 - WINDING UP PARTNERSHIP BUSINESS

1. 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.

2. A statement of dissolution cancels a filed statement of partnership authority for the purposes of section 486A.303, subsection 4, and is a limitation on authority for the purposes of section 486A.303, subsection 5.

3. For the purposes of sections 486A.301 and 486A.804, 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 ninety days after it is filed.

4. After filing and, if appropriate, recording a statement of dissolution, a dissolved partnership may file and, if appropriate, record a statement of partnership authority which will operate with respect to a person not a partner as provided in section 486A.303, subsections 4 and 5, in any transaction, whether or not the transaction is appropriate for winding up the partnership business.

Collected 2026-09-14T19:40:12Z. Source file · JSON

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