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Disassociation and Dissolution:<br />
UPA (1997)<br />
Disassociation<br />
§ 601<br />
Business continued per Article 7<br />
• Purchase of disassociated partner’s<br />
interest (§ 701)<br />
• Disassociated partner not automatically<br />
released (§ 703)<br />
Business dissolved per Article 8<br />
• Events of dissolution (§ 801; x-ref §<br />
601(1))<br />
• Business must be “wound up”<br />
(c) 2004 199
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