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Searching 2017-2018 Session

The Vermont Statutes Online

Title 11 : Corporations, Partnerships and Associations

Chapter 022 : PARTNERSHIPS

Subchapter 007 : PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP

(Cite as: 11 V.S.A. § 3264)
  • § 3264. Statement of dissociation

    (a) A dissociated partner or the partnership may file a statement of dissociation stating the name of 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 3223(d) and (e) of this title.

    (c) For the purposes of subdivisions 3262(a)(3) and 3263(b)(3) of this title, a person not a partner is deemed to have notice of the dissociation 90 days after the statement of dissociation is filed. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)