Effect of partner’s dissociation.

1. If a partner’s dissociation results in a dissolution and winding up of the partnership business, article 8 applies; otherwise, article 7 applies. 2. Upon a partner’s dissociation all of the following apply: a. The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 486A.803 . b. The partner’s duty of loyalty under section 486A.404, subsection 2 , paragraph “c” , terminates. c. The partner’s duty of loyalty under section 486A.404, subsection 2 , paragraphs “a” and “b” , and duty of care under section 486A.404, subsection 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 section 486A.803 . 98 Acts, ch 1201, §32, 79, 82 Referred to in §486A.103