Vermont § 3253 - Effect of partner’s dissociation
Full text of Vermont Vermont Statutes Online § 3253 — Effect of partner’s dissociation, with citation guidance and answers to common questions.
§ 3253. Effect of partner’s dissociation
- (a) If a partner’s dissociation results in a dissolution and winding up of the partnership
business, subchapter 8 of this chapter applies; otherwise, subchapter 7 of this chapter
applies. (b) Upon a partner’s dissociation: (1) the partner’s right to participate in the management and conduct of the partnership
business terminates, except as otherwise provided in section 3273 of this title; (2) the partner’s duty of loyalty under subdivision 3234(b)(3) of this title terminates; and (3) the partner’s duty of loyalty under subdivisions 3234(b)(1) and (2) of this title
and duty of care under subsection 3234(c) of this title 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 3273 of this title. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3253
What does Vermont Statutes Online § 3253 cover?
Section 3253 ("Effect of partner’s dissociation") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 3253?
A common citation format is "Vermont Statutes Online § 3253" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3253 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.