2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 41 - UNIFORM PARTNERSHIP ACT
SECTION 33-41-950. Effect of dissolution on partner's authority to act.
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
(a) when the dissolution is not by the act, bankruptcy or death of a partner or
(b) when the dissolution is by such act, bankruptcy or death of a partner when Section 33-41-960 so requires; and
(2) With respect to persons not partners, as declared in Sections 33-41-970 and 33-41-990.
HISTORY: 1962 Code Section 52-65; 1952 Code Section 52-65; 1950 (46) 1841.
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