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