Ca_Law

statute | California

Corporations Code - CORP - CORP § 16603

  • UIDca_leginfo_codes:corp-16603
  • CitationCorporations Code - CORP - CORP § 16603
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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 pa

Text

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.

Retrieval chunks

  • #1 | Corporations Code - CORP - CORP § 16603

    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 par…