Dissolution Defined

The dissolution of a partnership is the change in the relationship of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business. The fee for the filing a dissolution of a partnership shall be Twenty-five Dollars ($25.00). SOURCE: CC § 2423. Amended by P.L. 29-002:V:I:62 (May 18, 2007).