486A.806 - PARTNER'S LIABILITY TO OTHER PARTNERS AFTER DISSOLUTION. - Iowa Statutes

486A.806 PARTNER'S LIABILITY TO OTHER PARTNERS AFTER DISSOLUTION. 1. Except as otherwise provided in subsection 2 and section 486A.306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under section 486A.804. 2. A partner who, with knowledge of the dissolution, incurs a partnership liability under section 486A.804, subsection 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.          Section History: Recent Form 98 Acts, ch 1201, §43, 79, 82