Corp. Code, § 16701.5 · Article 7. Partner’s Dissociation When Business Not Wound Up
Corp. Code, § 16701.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Section 16701 shall not apply to any dissociation that occurs within 90 days prior to a dissolution under Section 16801.
(b) For dissociations occurring within 90 days prior to the dissolution, both of the following shall apply:
(1) All partners who dissociated within 90 days prior to the dissolution shall be treated as partners under Section 16807.
(2) Any damages for wrongful dissociation under Section 16602 and all other amounts owed by the dissociated partner to the partnership, whether or not presently due, shall be taken into account in determining the amount distributable to the dissociated partner under Section 16807.
Notes and commentary — not statutory text
History
Amended by Stats. 2007, Ch. 263, Sec. 16. Effective January 1, 2008.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=16701.5.
- Text hash
- sha256 b30c4ab2d27779b3d9ac64471acf9be10c2e15c4ce985f5d8d4c9fc93be9a192
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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