{"data":{"id":"us-md/md.-code-corporations-and-associations-9a-703","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 9A–703","heading":"","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 Subtitle 9 of this title, within 2 years after the partner’s dissociation, only if the obligation is one for which the partner is liable under § 9A-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;\n(2) Did not have notice of the partner’s dissociation; and\n(3) Is not deemed to have had knowledge under § 9A-303(e) of this title or notice under § 9A-704(c) of this subtitle.\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":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=9A-703","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"4c05a44a4b9c3cfb41ca1c3671e8a51d883ef5d6eaabc85a41a7c480d837e3c3","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-9a-702","next":"us-md/md.-code-corporations-and-associations-9a-704"},"notice":"GroundRules: Original legal text. Not legal advice."}