Ala. Code § 10A-9A-8.04: Power of General Partner and Person Dissociated as General Partner to Bind Partnership After Dissolution.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 9A Alabama Limited Partnership Law.
- Article 8 Dissolution and Winding Up.
(a) A limited partnership is bound by a general partner’s act after dissolution which:
(1) is appropriate for winding up the limited partnership’s activities and affairs; or
(2) would have bound the limited partnership under Section 10A-9A-4.02 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.
(b) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution only if:
(1) at the time the other party enters into the transaction the other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and
(2) the act:
(A) is appropriate for winding up the limited partnership’s activities and affairs; or
(B) would have bound the limited partnership under Section 10A-9A-4.02 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.
Collected 2026-09-03T14:01:53Z. Source file · JSON