{"data":{"id":"us-de/6-del.-c.-15-703","jurisdiction":"us-de","citation":"6 Del. C. § 15-703","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(b) 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 under subchapter IX of this chapter, within 1 year after the partner’s dissociation, only if the partner is liable for the obligation under § 15-306 of this title and at the time of entering into the transaction the other party:\n(1) Reasonably believed that the dissociated partner was then a partner and reasonably relied on such belief in entering into the transaction;\n(2) Did not have notice of the partner’s dissociation; and\n(3) Is not deemed to have had knowledge under § 15-303(c) of this title or notice under § 15-704(c) of this title.\n(c) 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(d) 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 6. Commerce and Trade","SUBTITLE II","Other Laws Relating to Commerce and Trade","CHAPTER 15. Delaware Revised Uniform Partnership Act","Subchapter VII. Partner’s Dissociation When Business or Affairs Not Wound Up"],"source_url":"https://delcode.delaware.gov/title6/c015/sc07/index.html#15-703","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:07Z","sha256":"43dea8feab0a592edb772f4df2d80b89821fdab7caea2ce0ebc925331ea0bcd5","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-15-702","next":"us-de/6-del.-c.-15-704"},"notice":"GroundRules: Original legal text. Not legal advice."}