§425-142 - Statement of dissolution.
§425-142 Statement of dissolution. (a) After dissolution, a partner who has not wrongfully dissociated may file astatement of dissolution stating the name of the partnership and that thepartnership has dissolved and is winding up its business.
(b) A statement of dissolution cancels a filedregistration for the purposes of section 425-114(a) and is a limitation onauthority for the purposes of section 425-114(b).
(c) For the purposes of sections 425-112 and425-141, a person not a partner is deemed to have notice of the dissolution andthe limitation on the partners' authority as a result of the statement ofdissolution ninety days after it is filed.
(d) After filing and, if appropriate,recording a statement of dissolution, a dissolved partnership may file and, ifappropriate, record a registration statement which will operate with respect toa person not a partner as provided in section 425-114(a) and (b) in anytransaction, whether or not the transaction is appropriate for winding up thepartnership business. [L 1999, c 284, pt of §1]