Miss. Code Ann. § 79-14-804: Power to bind partnership after dissolution.
Where this section sits in the code
- Title 79. Corporations, Associations, and Partnerships
- Chapter 14. Mississippi Uniform Limited Partnership Act
- 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 partnership’s activities and affairs; or
(2) Would have bound the partnership under Section 79-14-402 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 limited 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 general partner; and
(2) The act:
(A) Is appropriate for winding up the partnership’s activities and affairs; or
(B) Would have bound the partnership under Section 79-14-402 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 2026-10-27T05:54:23Z. Source file · JSON
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