Law represented Chennai Superstars in the rebel Indian Cricket League
Lancashire captain Stuart Law will not be offered a new contract with the county for the 2009 season.
The Australian batsman, 39, joined Lancashire in 2002 as the club's overseas player and took over the captaincy from Mark Chilton in 2008.
He joins Dominic Cork in not having his contract renewed for next season, while Glen Chapple takes over as captain.
"Stuart has been a top class player and has served us superbly," said Jim Cumbes, Lancashire's chief executive.
"But the club is committed to giving younger members of the squad the opportunity to grow and the Cricket Committee felt the time was right for other players to take on added responsibilities.
Law captained Chennai Superstars in the rebel Indian Cricket League last year and Cumbes said this had some bearing on their decision.
"Although not a determining factor, any player's allegiance to the ICL does make it difficult for English counties, simply because the ECB (England and Wales Cricket Board) are tightening regulations on unauthorised competitions, as are the ICC (International Cricket Council)."
Cricket manager Mike Watkinson added: "Stuart was one of my very first signings when I took over as cricket manager, and has always given tremendous service to the club.
"He is highly respected in the dressing room and popular with both members and supporters. We wish him and his family all the best for the future."
Chapple, the club's longest serving player, is delighted that he will replace Law as Lancashire captain for next season.
He said: "I'm absolutely delighted and very proud to be named as captain of Lancashire.
"It's a privilege to play for such a big county, and an even bigger honour to be captaining the club I've been involved with for the past 18 years.
"I'm a product of the Lancashire system, and I look forward to leading a very talented squad of players to future success."