§ 9A-805. Statement of dissolution
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 9A-805
§ 9A-805. 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 filed statement of dissolution cancels a filed statement of partnership authority for the purposes of § 9A-303(c) of this title and is a limitation on authority for the purposes of § 9A-303(d) of this title.
(c) For the purposes of §§ 9A-301 of this title and 9A-804 of this subtitle, 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 90 days after it is filed.
(d) After filing a statement of dissolution, a dissolved partnership may file a statement of partnership authority which will operate with respect to a person not a partner as provided in § 9A-303(c) and (d) of this title in any transaction, whether or not the transaction is appropriate for winding up the partnership business.
Credits
Added as Corporations and Associations § 9-805 by Acts 1997, c. 654, § 2, eff. July 1, 1998. Renumbered as Corporations and Associations § 9A-805 by Acts 1998, c. 743, § 1, eff. June 1, 1998.
MD Code, Corporations and Associations, § 9A-805, MD CORP & ASSNS § 9A-805
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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