{"data":{"id":"us-al/ala.-code-10a-8a-7.02","jurisdiction":"us-al","citation":"Ala. Code § 10A-8A-7.02","heading":"Power to Bind and Liability of Person Dissociated as a Partner.","body":"(a) For one year after a person dissociates as a partner without resulting in a dissolution and winding up of the partnership business or not for profit activity, the partnership, including a surviving partnership or other surviving entity under Article 9 of this chapter and Article 8 of Chapter 1, is bound by an act of the person dissociated as a partner which would have bound the partnership under Section 10A-8A-3.01 before dissociation only if at the time of entering into the transaction the other party:\n(1) reasonably believed that the person dissociated as a partner was then a partner and reasonably relied on such belief in entering into the transaction;\n(2) did not have notice of the person’s dissociation as a partner; and\n(3) is not deemed to have had knowledge or notice under Section 10A-8A-1.03.\n(b) A person dissociated as a partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the person dissociated as a partner after dissociation for which the partnership is liable under subsection (a).","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 8A Alabama Partnership Law","Article 7 Person’s Dissociation as a Partner When Business or Not for Profit Activity Not Wound Up."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-8A-7.02","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"66ae17c525218e03c0f646f7ae3bab0c822299e8e33438730d8a7653237cea74","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-8a-7.01","next":"us-al/ala.-code-10a-8a-7.03"},"notice":"GroundRules: Original legal text. Not legal advice."}