{"data":{"id":"us-mt/35-12-1211","jurisdiction":"us-mt","citation":"35-12-1211","heading":"Power of general partner and person dissociated as general partner to bind partnership after dissolution.","body":"(1) A limited partnership is bound by a general partner's act after dissolution that:\n(a) is appropriate for winding up the limited partnership's activities; or\n(b) would have bound the limited partnership under 35-12-806 before dissolution if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.\n(2) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if:\n(a) at the time the other party enters into the transaction:\n(i) less than 2 years has passed since the dissociation; and\n(ii) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and\n(b) the act:\n(i) is appropriate for winding up the limited partnership's activities; or\n(ii) would have bound the limited partnership under 35-12-806 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 12. LIMITED PARTNERSHIPS","Part 12. Dissolution"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0120/part_0120/section_0110/0350-0120-0120-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:24Z","sha256":"35b8c2f3ee2be2d67e6577d0c3e7c8c38548d1cd86c46cf13b7924a02ed0a04e","source_id":"us-mt","stale":false,"prev":"us-mt/35-12-1206","next":"us-mt/35-12-1212"},"notice":"GroundRules: Original legal text. Not legal advice."}