When a principal wishes to leave a partnership, the rupa defines this act of separation as which of the following? 1) dissolution 2) manipulation 3) termination 4) dissociation
In the context of the Revised Uniform Partnership Act (RUPA), when a principal (partner) wishes to leave a partnership, the act of separation is defined as “dissociation.” Dissociation refers to the separation of a partner from the partnership, either voluntarily or involuntarily, and it does not necessarily result in the dissolution of the partnership.
