61-1-806 - Partner's liability to other partners after dissolution. - Tennessee Statutes

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61-1-806. Partner's liability to other partners after dissolution.

(a) Except as otherwise provided in subsection (b), after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 61-1-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 61-1-804(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.

[Acts 2001, ch. 353.]

State Codes and Statutes

Statutes > Tennessee > Title-61 > Chapter-1 > Part-8 > 61-1-806

61-1-806. Partner's liability to other partners after dissolution.

(a) Except as otherwise provided in subsection (b), after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 61-1-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 61-1-804(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.

[Acts 2001, ch. 353.]

State Codes and Statutes

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State Codes and Statutes

Statutes > Tennessee > Title-61 > Chapter-1 > Part-8 > 61-1-806

61-1-806. Partner's liability to other partners after dissolution.

(a) Except as otherwise provided in subsection (b), after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 61-1-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 61-1-804(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.

[Acts 2001, ch. 353.]