Cessation of partners’ association in carrying on partnership after dissolution

O.C.G.A. § 14-8-29, under PARTNERSHIPS.

O.C.G.A. § 14-8-29

Upon dissolution of a partnership the partners cease to be associated in the carrying on of the partnership. The partnership shall continue until termination pursuant to Code Section 14-8-30 and until termination the partners shall be associated in the winding up of the partnership. (Code 1981, § 14-8-29, enacted by Ga. L. 1984, p. 1439, § 1.) COMMENT Note to Uniform Partnership Act This section defines dissolution as the point in time when the partners become associated in the ‘‘winding up’’ rather than the ‘‘carrying on’’ of the partnership. Prior Georgia Law There was no comparable provision. Official UPA The section has been changed from the official version to state only the effect of dissolution rather than a cause of dissolution (dissociation of a partner). This rephrasing avoids a possible conflict between this section and § 14-8-31(a)(5) which provides that death of a partner does not cause dissolution if the partners so agree. Partner withdrawal is a cause of dissolution under § 14-8-31(a)(2). Cross-References Causes of dissolution: § 14-8-31. Consequences of dissolution: § 14-8-33 et seq.