D.C. Code § 29-607.02: Dissociated partner’s power to bind and liability to partnership.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 6. General Partnerships.
- Subchapter VII. Partner’s Dissociation When Business Not Wound Up.
(a)
For 2 years after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under subchapter IX of this chapter, shall be bound by an act of the dissociated partner which would have bound the partnership under § 29-603.01 before dissociation only if at the time of entering into the transaction the other party:
(1)
Reasonably believed that the dissociated partner was then a partner;
(2)
Did not have notice of the partner’s dissociation; and
(3)
Is not deemed to have had knowledge under § 29-603.03(e) or notice under § 29-607.04(c).
(b)
A dissociated partner shall be liable to the partnership for any damage caused to the partnership arising from a debt, obligation, or other liability incurred by the dissociated partner after dissociation for which the partnership is liable under subsection (a) of this section.
Collected 2026-08-29T05:44:07Z. Source file · JSON