2017 ORS 67.230¹
Effect of partner’s dissociation

(1) If a partner’s dissociation results in a dissolution and winding up of the partnership business, ORS 67.290 (Events causing dissolution and winding up of partnership business) to 67.315 (Settlement of accounts and contributions among partners) apply. If a partner’s dissociation does not result in dissolution and winding up of the partnership business, ORS 67.250 (Purchase of dissociated partner’s interest) to 67.265 (Continued use of partnership name) apply.

(2) Upon a partner’s dissociation:

(a) The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in ORS 67.300 (Right to wind up partnership business);

(b) The partner’s duty of loyalty under ORS 67.155 (General standards of partner’s conduct) (2)(c) terminates; and

(c) The partner’s duty of loyalty under ORS 67.155 (General standards of partner’s conduct) (2)(a) and (b) and duty of care under ORS 67.155 (General standards of partner’s conduct) (3) continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership’s business pursuant to ORS 67.300 (Right to wind up partnership business). [1997 c.775 §29]

1 Legislative Counsel Committee, CHAPTER 67—Partnerships; Limited Liability Partnerships, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors067.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.