North Dakota Code 45-19-04 – (704) Statement of dissociation
Current as of: 2023 | Check for updates
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1. A dissociated partner or the partnership may file with the secretary of state, along with the fees provided in section 45-13-05, a statement of dissociation stating the name of the partnership and that the partner is dissociated from the partnership.
Terms Used In North Dakota Code 45-19-04
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
2. A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of subsections 3 and 4 of section 45-15-03.
3. For the purposes of subdivision c of subsection 1 of section 45-19-02 and subdivision c of subsection 2 of section 45-19-03, a person not a partner is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed.