{"data":{"id":"us-az/a.r.s.-29-1063","jurisdiction":"us-az","citation":"A.R.S. § 29-1063","heading":"Dissociated partner's liability to other persons","body":"A. A partner's dissociation does not of itself discharge the partner's liability for a partnership obligation incurred before dissociation. A dissociated partner is not liable for a partnership obligation incurred after dissociation, except as otherwise provided in subsection B of this section.\n\nB. A partner who dissociates without resulting in a dissolution and winding up of the partnership business is liable as a partner to the other party in a transaction entered into by the partnership, or a surviving partnership pursuant to any merger permitted by law, within two years after the partner's dissociation, only if the partner is liable for the obligation under section 29-1026 and at the time of entering into the transaction the other party:\n\n1. Relied on a reasonable belief that the dissociated partner was then a partner.\n\n2. Did not have notice of the partner's dissociation.\n\n3. Is not deemed to have had knowledge under section 29-1023, subsection E or notice under section 29-1064, subsection C.\n\nC. By agreement with the partnership creditor and the partners continuing the business, a dissociated partner may be released from liability for a partnership obligation.\n\nD. A dissociated partner is released from liability for a partnership obligation if a partnership creditor, with notice of the partner's dissociation but without the partner's consent, agrees to a material alteration in the nature or time of payment of a partnership obligation.","path":["Title 29 Partnership"],"source_url":"https://www.azleg.gov/ars/29/01063.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"95655406f22725c731c6c4c9c950889dde7017bedbfebc1f5cee315c26dd09ec","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-29-1062","next":"us-az/a.r.s.-29-1064"},"notice":"GroundRules: Original legal text. Not legal advice."}