{"data":{"id":"us-me/31-m.r.s.-1063","jurisdiction":"us-me","citation":"31 M.R.S. §1063","heading":"Effect of partner's dissociation","body":"1.  Appreciation of law.  If a partner's dissociation results in a dissolution and winding up of the partnership business, subchapter 8 applies; otherwise, subchapter 7 applies.\n2.  Internal effects of partner's dissociation.  Upon a partner's dissociation:\nA.  The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 1083;\nB.  The partner's duty of loyalty under section 1044, subsection 2, paragraph C terminates; and\nC.  The partner's duty of loyalty under section 1044, subsection 2, paragraphs A and B and duty of care under section 1044, subsection 3 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 1083.","path":["TITLE 31: PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 17: UNIFORM PARTNERSHIP ACT","SUBCHAPTER 6: PARTNER'S DISSOCIATION"],"source_url":"https://legislature.maine.gov/statutes/31/title31sec1063.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"c3b7295015b6b4bd4473e4b2a4eec431020199c46a8beac444659f8b2fabe6e3","source_id":"us-me","stale":false,"prev":"us-me/31-m.r.s.-1062","next":"us-me/31-m.r.s.-1071"},"notice":"GroundRules: Original legal text. Not legal advice."}