§425E-805 - Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and persons dissociated as general partners.
[§425E-805] Liability afterdissolution of general partner and person dissociated as general partner tolimited partnership, other general partners, and persons dissociated as generalpartners. (a) If a general partner having knowledge of thedissolution causes a limited partnership to incur an obligation under section425E-804(a) by an act that is not appropriate for winding up the partnership'sactivities, the general partner shall be liable:
(1) To the limited partnership for any damage causedto the limited partnership arising from the obligation; and
(2) If another general partner or a persondissociated as a general partner is liable for the obligation, to that othergeneral partner or person for any damage caused to that other general partneror person arising from the liability.
(b) If a person dissociated as a generalpartner causes a limited partnership to incur an obligation under section425E-804(b), the person shall be liable:
(1) To the limited partnership for any damage causedto the limited partnership arising from the obligation; and
(2) If a general partner or another persondissociated as a general partner is liable for the obligation, to the generalpartner or other person for any damage caused to the general partner or otherperson arising from the liability. [L 2003, c 210, pt of §1]