Neb. Rev. Stat. » Chapter 67
Nebraska Revised Statutes

Neb. Rev. Stat. § 67-433 (2026)

Effect of partner's dissociation

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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(1) If a partner's dissociation results in a dissolution and winding up of the partnership business, sections 67-439 to 67-445 apply; otherwise, sections 67-434 to 67-438 apply.

(2) Upon a partner's dissociation:

(a) The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in section 67-441;

(b) The partner's duty of loyalty under subdivision (2)(c) of section 67-424 terminates; and

(c) The partner's duty of loyalty under subdivisions (2)(a) and (2)(b) of section 67-424 and duty of care under subsection (3) of section 67-424 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 67-441.

Notes of Decisions
Cited in 2 cases, 2008–2014 · leading case: Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb. 2008).
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Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb. 2008). · cites it 7× “" [26] The comment to § 603 of RUPA, the section upon which § 67-433 is patterned, specifically provides that it operates as a "`switching'" provision.”
Elting v. Elting, 288 Neb. 404 (2014). “See, also, § 67-433(2)(c) (regard- ing dissociation).”
Neb. Rev. Stat. § 67-433(1): 1 case
Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb. 2008). “" [26] The comment to § 603 of RUPA, the section upon which § 67-433 is patterned, specifically provides that it operates as a "`switching'" provision.”
Neb. Rev. Stat. § 67-433(2)(c): 1 case
Elting v. Elting, 288 Neb. 404 (2014). “See, also, § 67-433(2)(c) (regard- ing dissociation).”
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