Statute · California Corporations Code
Cal. Corp. Code § 16603 — Partner’s Dissociation
Cal. Corp. Code § 16603
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Upon a partner’s dissociation, all of the following apply:
Citator
Cal. Corp. Code § 16603 — Partner’s Dissociation is in force in the current edition of the Code, and nothing recorded condemns it.
Upon a partner’s dissociation, all of the following apply:
(1) The partner’s right to participate in the management and conduct of the partnership business terminates.
(2) The partner’s duty of loyalty under paragraph (3) of subdivision (b) of Section 16404 terminates.
(3) The partner’s duty of loyalty under paragraphs (1) and (2) of subdivision (b) of Section 16404 and duty of care under subdivision (c) of Section 16404 continue only with regard to matters arising and events occurring before the partner’s dissociation.