Code of Virginia - Title 50 Partnerships - Section 50-73.115 Statement of dissociation

§ 50-73.115. Statement of dissociation

A. A dissociated partner named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subsection B of § 50-73.93 or a partnership that has filed a statement of partnership authority that has not been canceled may file a statement of dissociation stating the name of the partnership, the identification number issued by the Commission to the partnership, and that the partner is dissociated from the partnership.

B. A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of subsections D and E of § 50-73.93.

C. For the purposes of subdivision A 3 of § 50-73.113 and subdivision B 3 of § 50-73.114, a person not a partner is deemed to have notice of the dissociation 90 days after the statement of dissociation is filed.

(1996, c. 292; 2003, c. 567.)

Sections:  Previous  50-73.108  50-73.109  50-73.110  50-73.111  50-73.112  50-73.113  50-73.114  50-73.115  50-73.116  50-73.117  50-73.118  50-73.119  50-73.120  50-73.121  50-73.122  Next

Last modified: April 16, 2009