(1) If a partners dissociation results in a dissolution and winding up of the partnership business, ORS 67.290 to 67.315 apply. If a partners dissociation does not result in dissolution and winding up of the partnership business, ORS 67.250 to 67.265 apply. (2) Upon a partners dissociation: (a) The partners right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in ORS 67.300; (b) The partners duty of loyalty under ORS 67.155 (2)(c) terminates; and (c) The partners duty of loyalty under ORS 67.155 (2)(a) and (b) and duty of care under ORS 67.155 (3) continue only with regard to matters arising and events occurring before the partners dissociation, unless the partner participates in winding up the partnerships business pursuant to ORS 67.300. (Partners Dissociation When Business Not Wound Up)
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