Rhode Island General Laws
Article 6 - Dissociation [Effective January 1, 2023.]
Section 7-12.1-603. - Effect of dissociation. [Effective January 1, 2023.]

§ 7-12.1-603. Effect of dissociation. [Effective January 1, 2023.]
(a) If a person’s dissociation results in a dissolution and winding up of the partnership business, Article 8 of this chapter applies; otherwise, Article 7 of this chapter applies.
(b) If a person is dissociated as a partner:
(1) The person’s right to participate in the management and conduct of the partnership’s business terminates, except as otherwise provided in § 7-12.1-802(c); and
(2) The person’s duties and obligations under § 7-12.1-409 end with regard to matters arising and events occurring after the person’s dissociation, except to the extent the partner participates in winding up the partnership’s business pursuant to § 7-12.1-802.
(c) A person’s dissociation does not of itself discharge the person from any debt, obligation, or other liability to the partnership or the other partners which the person incurred while a partner.
History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.

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