§ 323A.0804 — Partner's Power to Bind Partnership After Dissolution
Plain-Language Summary
After dissolution, the partnership is still bound by a partner's actions if the action is appropriate for winding up or if the other party did not know about the dissolution and the act would have bound the partnership before dissolution.
323A.0804 PARTNER’S POWER TO BIND PARTNERSHIP AFTER DISSOLUTION.
Subject to section 323A.0805, a partnership is bound by a partner’s act after dissolution that:
(1) is appropriate for winding up the partnership business; or
(2) would have bound the partnership under section 323A.0301 before dissolution, if the other party to the transaction did not have notice of the dissolution.
History:
NOTE: This chapter was formerly codified as sections 323A.1-01 to 323A.12-03. See Minnesota Statutes 2002. The chapter was recodified in 2004 as sections 323A.0101 to 323A.1203. The recodification is arranged in the same sequence as the original codification.
History: History: 1997 c 174 art 8 s 41