56a-805. Statement of dissolution.

56a-805

Chapter 56a.--KANSAS UNIFORM PARTNERSHIP ACT
Article 8.--WINDING UP PARTNERSHIP BUSINESS

      56a-805.   Statement of dissolution.(a) After dissolution, a partner who has notwrongfully dissociated may file a statement of dissolution statingthe name of the partnership and that the partnership has dissolvedand is winding up its business.

      (b)   A statement of dissolution cancels a filed statementof partnership authority for the purposes of subsection (d) of K.S.A. 56a-303 andisa limitation on authority for the purposes of subsection (e) of K.S.A. 56a-303.

      (c)   For the purposes of K.S.A. 56a-301 and 56a-804, a personnot a partner is deemed to have notice of the dissolution and thelimitation on the partners' authority as a result of the statementof dissolution 90 days after it is filed.

      (d)   After filing and, if appropriate, recording astatement of dissolution, a dissolved partnership may file and, ifappropriate, record a statement of partnership authority which willoperate with respect to a person not a partner as provided insubsections (d) and (e) of K.S.A. 56a-303 in any transaction,whether or not thetransaction is appropriate for winding up the partnership business.

      History:   L. 1998, ch. 93, § 42; Jan. 1, 1999.