Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter8. GENERAL PARTNERSHIPS. |
Article8. Winding Up Partnership Business. |
§10A-8-8.04. Partner's power to bind partnership after dissolution.
Latest version.
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Subject to Section 10A-8-8.05, 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 10A-8-3.01 before dissolution, if the other party to the transaction did not have notice of the dissolution.