State Codes and Statutes

Statutes > Virginia > Title-50 > Chapter-2-2 > 50-73-122

§ 50-73.122. Partner's liability to other partners after dissolution.

A. Except as otherwise provided in subsection B of this section or insubsection C of § 50-73.96, after dissolution a partner is liable to theother partners for the partner's share of any partnership liability incurredunder § 50-73.120.

B. A partner who, with knowledge of the dissolution, causes the partnershipto incur a liability under subdivision 2 of § 50-73.120 by an act that is notappropriate for winding up the partnership business is liable to thepartnership for any damage caused to the partnership arising from theliability.

(1996, c. 292.)

State Codes and Statutes

Statutes > Virginia > Title-50 > Chapter-2-2 > 50-73-122

§ 50-73.122. Partner's liability to other partners after dissolution.

A. Except as otherwise provided in subsection B of this section or insubsection C of § 50-73.96, after dissolution a partner is liable to theother partners for the partner's share of any partnership liability incurredunder § 50-73.120.

B. A partner who, with knowledge of the dissolution, causes the partnershipto incur a liability under subdivision 2 of § 50-73.120 by an act that is notappropriate for winding up the partnership business is liable to thepartnership for any damage caused to the partnership arising from theliability.

(1996, c. 292.)


State Codes and Statutes

State Codes and Statutes

Statutes > Virginia > Title-50 > Chapter-2-2 > 50-73-122

§ 50-73.122. Partner's liability to other partners after dissolution.

A. Except as otherwise provided in subsection B of this section or insubsection C of § 50-73.96, after dissolution a partner is liable to theother partners for the partner's share of any partnership liability incurredunder § 50-73.120.

B. A partner who, with knowledge of the dissolution, causes the partnershipto incur a liability under subdivision 2 of § 50-73.120 by an act that is notappropriate for winding up the partnership business is liable to thepartnership for any damage caused to the partnership arising from theliability.

(1996, c. 292.)