8355 - Effect of dissolution on authority of partner. - Pennsylvania Statutes

§ 8355. Effect of dissolution on authority of partner. Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership: (1) With respect to the partners: (i) when the dissolution is not by the act, bankruptcy or death of a partner; or (ii) when the dissolution is by the act, bankruptcy or death of a partner, in cases where section 8356 (relating to right of partner to contribution from copartners) so requires. (2) With respect to persons not partners, as declared in section 8357 (relating to power of partner to bind partnership to third persons).