§3275. Statement of dissolution

Link to law: http://legislature.vermont.gov/statutes/section/11/022/03275
Published: 2015

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The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

022

:
PARTNERSHIPS






Subchapter

008
:
WINDING UP PARTNERSHIP BUSINESS










 

§

3275. Statement of dissolution

(a) 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) A statement

of dissolution cancels a filed statement of partnership authority for the

purposes of subsection 3223(d) of this title, and is a limitation on authority

for the purposes of subsection 3223(e) of this title.

(c) For the

purposes of sections 3221 and 3274 of this title, 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) After filing

and, if appropriate, recording a statement of dissolution, a dissolved

partnership may file and, if appropriate, record a statement of partnership

authority which will operate with respect to a person not a partner as provided

in subsections 3223(d) and (e) of this title in any transaction, whether or not

the transaction is appropriate for winding up the partnership business. (Added

1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
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