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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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CORPORATIONS AND ASSOCIATIONS |
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TITLE 9A. MARYLAND REVISED UNIFORM PARTNERSHIP ACT |
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SUBTITLE 8. WINDING UP PARTNERSHIP BUSINESS |
§ 9A-805. Statement of dissolution
Latest version.
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(a) Filing. -- 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) Effect of filing on statement of partnership. -- 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) Notice. -- 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) Statement of partnership authority. -- 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.