Section 10-8A-806 Partner's liability to other partners after dissolution. - Alabama Statutes

Section 10-8A-806

Partner's liability to other partners after dissolution.

(a) Except as provided in subsection (b) of this Section 10-8A-806 or in Section 10-8A-306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under Section 10-8A-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under Section 10-8A-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 1996, No. 96-528, p. 685, §1.)