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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-708.04: Power of general partner and person dissociated as general partner to bind partnership after dissolution.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 7. Limited Partnerships.
  3. Subchapter VIII. Dissolution.

(a)

A limited partnership shall be 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 § 29-704.02 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice or knowledge of the dissolution.

(b)

A person dissociated as a general partner shall bind a limited partnership through an act occurring after dissolution if:

(1)

At the time the other party enters into the transaction:

(A)

Less than 2 years has passed since the dissociation; and

(B)

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; or

(B)

Would have bound the limited partnership under § 29-704.02 before dissolution and at the time the other party enters into the transaction the other party does not have notice or knowledge of the dissolution.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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