Idaho Code § 30-23-804: POWER TO BIND PARTNERSHIP AFTER DISSOLUTION.
Where this section sits in the code
- TITLE 30 CORPORATIONS
- CHAPTER 23 GENERAL PARTNERSHIPS
- PART 8 DISSOLUTION AND WINDING UP
(a) A partnership is bound by a partner’s act after dissolution which:
(1) Is appropriate for winding up the partnership business; or
(2) Would have bound the partnership under section 30-23-301, Idaho Code, before dissolution, if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution.
(b) A person dissociated as a general partner binds a partnership through an act occurring after dissolution if:
(1) At the time the other party enters into the transaction:
(A) Less than two (2) years has passed since the dissociation; and
(B) The other party does not know or have notice of the dissociation and reasonably believes that the person is a partner; and
(2) The act:
(A) Is appropriate for winding up the partnership’s business; or
(B) Would have bound the partnership under section 30-23-301, Idaho Code, before dissolution and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution.
Collected 2026-09-04T11:18:36Z. Source file · JSON