Final answer:
Under RUPA, a dissociation takes place whenever a partner is no longer associated with the running of the firm.
Step-by-step explanation:
Under the Revised Uniform Partnership Act (RUPA), a dissociation takes place whenever a partner is no longer associated with the running of the firm. This means that the partner is no longer actively participating in the management and operation of the partnership. Dissociation may occur due to various reasons such as voluntary withdrawal, death, expulsion, or bankruptcy of a partner.
During the dissociation process, the partnership continues to exist unless it is dissolved. Dissociation has legal implications, such as altering the rights and obligations of the dissociated partner and the remaining partners. It may result in the winding up of the partnership or the admission of a new partner to replace the dissociated partner.