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2017 Code of Alabama
Title 10A - ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE.
Chapter 8 - GENERAL PARTNERSHIPS.
Article 8 - Winding Up Partnership Business.
Section 10A-8-8.06 - Partner's liability to other partners after dissolution.
Universal Citation: AL Code § 10A-8-8.06 (2017)
Section 10A-8-8.06 Partner's liability to other partners after dissolution.
(a) Except as provided in subsection (b) of this Section 10A-8-8.06 or in Section 10A-8-3.06, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under Section 10A-8-8.04.
(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under Section 10A-8-8.04(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; §10-8A-806; amended and renumbered by Act 2009-513, p. 967, §262.)
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