§ 7-12-44 - General effect of dissolution on authority of partner. - Rhode Island Statutes

SECTION 7-12-44

   § 7-12-44  General effect of dissolution onauthority of partner. – Except insofar as is necessary to wind up partnership affairs or to completetransactions begun but not then finished, dissolution terminates all authorityof any partner to act for the partnership,

   (1) Regarding the partners;

   (i) When the dissolution is not by the act, bankruptcy, ordeath of a partner; or

   (ii) When the dissolution is by the act, bankruptcy, or deathof a partner, in cases where § 7-12-45 so requires.

   (2) With respect to persons not partners, as declared in§ 7-12-46.