D.C. Code § 29-708.04: Power of general partner and person dissociated as general partner to bind partnership after dissolution.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 7. Limited Partnerships.
- 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