Statement of dissociation.

1. A dissociated partner or the partnership may file a statement of dissociation stating the name of the partnership and that the partner is dissociated from the partnership. 2. A statement of dissociation is a limitation on the authority of a dissociated partner for the purposes of section 486A.303, subsections 4 and 5 . 3. For the purposes of section 486A.702, subsection 1 , paragraph “c” , and section 486A.703, subsection 2 , paragraph “c” , a person not a partner is deemed to have notice of the dissociation ninety days after the statement of dissociation is filed. 98 Acts, ch 1201, §36, 79, 82 Referred to in §486A.101 , 486A.303 , 486A.702 , 486A.703