{"data":{"id":"us-mt/35-10-621","jurisdiction":"us-mt","citation":"35-10-621","heading":"Dissociated partner's liability to other persons.","body":"(1) 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 provided in subsection (2).\n(2) A partner who dissociates without resulting in a dissolution and winding up of the partnership business is personally liable as a partner to the other party as the result of a partnership obligation incurred in connection with a transaction entered into by the partnership or a surviving partnership under 35-10-635 through 35-10-637 and 35-10-641 through 35-10-644 within 2 years after the partner's dissociation only if the other party to the transaction:\n(a) reasonably believed when entering the transaction that the dissociated partner was a partner at that time;\n(b) did not have notice of the partner's dissociation;\n(c) is not considered to have had knowledge under 35-10-310(5) or notice under 35-10-622; and\n(d) the obligation is one for which the partner would be personally liable under 35-10-307 or 35-10-629 if the partner had not dissociated.\n(3) 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(4) 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 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 10. PARTNERSHIPS IN GENERAL","Part 6. Dissolution and Winding Up"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0100/part_0060/section_0210/0350-0100-0060-0210.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:20Z","sha256":"3589d76ee6dda09d639063a6d6be4ca0897aa5d294f53af5cdcaa23c0e94a98f","source_id":"us-mt","stale":false,"prev":"us-mt/35-10-620","next":"us-mt/35-10-622"},"notice":"GroundRules: Original legal text. Not legal advice."}