§425-134  Dissociated partner's power to
bind and liability to partnership.  (a)  For two years after a partner
dissociates without resulting in a dissolution and winding up of the
partnership business, the partnership is bound by an act of the dissociated
partner which would have bound the partnership under section 425-112 before
dissociation only if at the time of entering into the transaction the other
party:



(1)  Reasonably believed that the dissociated partner
was then a partner;



(2)  Did not have notice of the partner's
dissociation; and



(3)  Is not deemed to have had knowledge under section
425-114(b) or notice under section 425-136(c).



(b)  A dissociated partner is liable to the
partnership for any damage caused to the partnership arising from an obligation
incurred by the dissociated partner after dissociation for which the
partnership is liable under subsection (a). [L 1999, c 284, pt of §1]