N.D. Cent. Code § 45-18-03: (603) Effect of partner's dissociation

1.If a partner's dissociation results in a dissolution and winding up of the partnership business, chapter 45-20 applies, otherwise, chapter 45-19 applies.

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 otherwise provided in section 45-20-03;

b.The partner's duty of loyalty under subdivision c of subsection 2 of section 45-16-04 terminates; and

c.The partner's duty of loyalty under subdivisions a and b of subsection 2 of section 45-16-04 and duty of care under subsection 3 of section 45-16-04 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 45-20-03.