State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-01 > 48-1-31

48-1-31. Right of partner to contribution from copartners after dissolution.
Where the dissolution is caused by the act, death, or bankruptcy of a partner each partneris liable to his copartners for his share of any liability created by any partner acting for thepartnership as if the partnership had not been dissolved unless:
(1) the dissolution being by act of any partner, the partner acting for the partnership hadknowledge of the dissolution;
(2) the dissolution being by the death or bankruptcy of a partner, the partner acting for thepartnership had knowledge or notice of the death or bankruptcy; or
(3) the liability is for a debt, obligation, or liability for which the partner is not liableunder Subsection 48-1-12(2).

Amended by Chapter 61, 1994 General Session