(805 ILCS 206/704)

Sec. 704.

Statement of dissociation.

(a) 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.

(b) A statement of dissociation is a limitation on the authority of a
dissociated partner for the
purposes of Section 303(d) and (e).

(c) For the purposes of Sections 702(a)(3) and 703(b)(3) of this Act, a
person not a partner is
deemed to have notice of the dissociation 90 days after the statement of
dissociation is filed.

(Source: P.A. 92-740, eff. 1-1-03.)