Utah Code § 48-1d-703: Effect of dissociation.
Where this section sits in the code
- Title 48 Unincorporated Business Entity Act
- Chapter 48-1d Utah Uniform Partnership Act
- Part 48-1d-7 Dissociation
(1) If a person's dissociation results in a dissolution and winding up of the partnership's activities and affairs, Part 9, Dissolution and Winding Up, applies, otherwise, Part 8, Partner's Dissociation When Business Not Wound Up, applies.
(2) If a person is dissociated as a partner:
(a) the person's right to participate in the management and conduct of the partnership's activities and affairs terminates, except as otherwise provided in Subsection 48-1d-902(3); and
(b) the person's duties and obligations under Section 48-1d-405:
(i) end with regard to matters arising and events occurring after the person's dissociation; and
(ii) continue only with regard to matters arising and events occurring before the person's dissociation, unless the partner participates in winding up the partnership's activities and affairs pursuant to Section 48-1d-902.
(3) A person's dissociation does not of itself discharge the person from a debt, obligation, or other liability to the partnership or the other partners which the person incurred while a partner.
Collected 2026-09-03T11:34:33Z. Source file · JSON