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nonpartners are deemed to have notice of the dissolution and the | | corresponding limitation on the authority of all partners. | | Sections 301 and 804 provide that a partner's lack of authority is | | binding on persons with notice thereof. Thus, after 90 days the | | statement of dissolution operates as constructive notice | | conclusively limiting the apparent authority of partners to | | transactions that are appropriate for winding up the business. |
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| | | 4. Subsection (d) provides that, after filing and, if | | appropriate, recording a statement of dissolution, the | | partnership may file and record a new statement of partnership | | authority that will operate as provided in Section 303(d). A | | grant of authority contained in that statement is conclusive and | | may be relied upon by a person who gives value without knowledge | | to the contrary, whether or not the transaction is appropriate | | for winding up the partnership business. That makes the | | partners' record authority conclusive after dissolution, and | | precludes going behind the record to inquire into whether or not | | the transaction was appropriate for winding up. |
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| | | §1086.__Partner's liability to other partners after dissolution |
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| | | 1.__Liable for partner's share.__Except as otherwise provided | | in subsection 2 and section 1034, after dissolution a partner is | | liable to the other partners for the partner's share of any | | partnership liability incurred under section 1084. |
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| | | 2.__Liability for inappropriate act.__A partner who, with | | knowledge of the dissolution, incurs a partnership liability | | under section 1084, subsection 2 by an act that is not | | appropriate for winding up the partnership business is liable to | | the partnership for any damage caused to the partnership arising | | from the liability. |
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| | | (This is Section 806 of the Uniform Partnership Act (1997).) |
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| | | Section 806 is the successor to UPA Sections 33(1) and 34, | | which govern the rights of partners among themselves with respect | | to post-dissolution liability. |
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| | | Subsection (a) provides that, except as provided in Section | | 306(a) and subsection (b), after dissolution each partner is | | liable to the other partners by way of contribution for his share | | of any partnership liability incurred under Section 804. That | | includes not only obligations that are appropriate for winding up | | the business, but also obligations that are inappropriate if | | within the partner's apparent authority. Consistent with other | | provisions of | | this Act, Section 806(a) makes clear that a partner |
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