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

§ 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.)