Florida Statute 620.8602 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 620
PARTNERSHIP LAWS

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F.S. 620.8602

620.8602 Partner’s power to dissociate; wrongful dissociation.—

(1) A partner has the power to dissociate at any time, rightfully or wrongfully, by express will pursuant to s. 620.8601(1).

(2) A partner’s dissociation is wrongful only if:

(a) It is in breach of an express provision of the partnership agreement; or

(b) In the case of a partnership for a definite term or particular undertaking, before the expiration of the term or the completion of the undertaking:

1. The partner withdraws by express will, unless the withdrawal follows within 90 days after another partner’s dissociation by death or otherwise under s. 620.8601(6)-(10) or wrongful dissociation under this subsection;

2. The partner is expelled by judicial determination under s. 620.8601(5);

3. The partner is dissociated by becoming a debtor in bankruptcy; or

4. In the case of a partner who is not an individual, trust other than a business trust, or estate, the partner is expelled or otherwise dissociated because the partner willfully dissolved or terminated.

(3) A partner who wrongfully dissociates is liable to the partnership and to the other partners for damages caused by the dissociation. The liability is in addition to any other obligation of the partner to the partnership or to the other partners.

History.—s. 13, ch. 95-242.

F.S. 620.8602 on Google Scholar

F.S. 620.8602 on Casetext

Amendments to 620.8602

Arrestable Offenses / Crimes under Fla. Stat. 620.8602

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 620.8602.

Annotations, Discussions, Cases:

Cases Citing Statute 620.8602

Total Results: 4

VICKEN BEDOYAN v. HAROUT SAMRA

Court: Fla. Dist. Ct. App. | Date Filed: 2022-09-30T00:53:00-07:00

Snippet: partnership are “disassociated.” §§ 620.8601, 620.8602, Fla. Stat. (2001). As the comments to RUPA

Larmoyeux v. Montgomery

Court: Fla. Dist. Ct. App. | Date Filed: 2007-08-01T00:53:00-07:00

Citation: 963 So. 2d 813

Snippet: partnership are "disassociated." §§ 620.8601, 620.8602, Fla. Stat. (2001). As the comments to RUPA explain

Bergman v. DeIulio

Court: Fla. Dist. Ct. App. | Date Filed: 2002-09-25T00:00:00-07:00

Citation: 826 So. 2d 500

Snippet: disassociation from a partnership under section 620.8602(2)(b), Florida Statutes (2001). The trial court…disassociation from the partnership, pursuant to section 620.8602(2)(b), Florida Statutes (2001). The trial court

horizon/cms Healthcare v. Southern Oaks

Court: Fla. Dist. Ct. App. | Date Filed: 1999-04-16T00:53:00-07:00

Citation: 732 So. 2d 1156

Snippet: Defaulter." [3] Section 620.8602, Florida Statutes (1997) provides: 620.8602. Partner's power to … Southern Oaks argues that pursuant to section 620.8602,[3] Horizon had the power to dissociate *1159 …#39;s partnership law,[4] relying on subsection 620.8602(3), Florida Statutes. Southern Oaks also cites…triggers liability for lost future profits. See § 620.8602(3) ("A partner who wrongfully dissociates…dissociation." Simply stated, under section 620.8602, only when a partner dissociates and the dissociation