Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 4 - Partnerships > Chapter 46 - Uniform Partnership Act (1996) > Subchapter 7 - Partner's Dissociation When Business Not Wound Up > § 4-46-704 - Statement of dissociation.

§ 4-46-704 - Statement of dissociation.

4-46-704. Statement of dissociation.

(a) A dissociated partner or the partnership may file a statement of dissociation stating:

(1) The name of the partnership;

(2) The name and mailing address of the dissociated partner;

(3) That the partner is dissociated from the partnership; and

(4) The date the dissociation is effective.

(b) A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of 4-46-303(d) and (e).

(c) For the purposes of 4-46-702(a)(3) and 4-46-703(b)(3), a person not a partner is deemed to have notice of the dissociation ninety (90) days after the statement of dissociation is filed.