Chloroplast NAD(P)-dependent glyceraldehyde-3-phosphate dehydrogenase (NAD(P)-GAPDH; EC 1.2.1.13) consists of two types of subunits: GapA and GapB, which are rather similar, except that GapB carries an unique C-terminal sequence extension. Here, we report evidence that this sequence extension might be responsible for aggregation and dark inactivation of the enzyme in vivo. Recently, it had been demonstrated that upon limited proteolysis of the purified 600 kDa enzyme, using the Staphylococcus aureus V8 endoproteinase (Zapponi et al. (1993) Biol. Chem. Hoppe-Seyler 374, 395-402), the C-terminus of GapB can be removed, giving rise to the 150 kDa form. Based on these findings, we analyzed the changed catalytic properties of the enzyme after proteolysis and its ability to reaggregate. The time-course of proteolysis is paralleled by a strong increase in enzyme activity and the appearance of the tetrameric enzyme form, the increase of apparent activity preceding disaggregation. The proteolyzed enzyme is characterized by its increased affinity towards the substrate 1,3-bisphosphoglycerate and thus resembles the fully activated intact enzyme. In contrast to the effector-mediated activation of the intact enzyme, both proteolytic activation and the resulting disaggregation of the high-molecular-weight form cannot be reversed, even by incubation with NAD.