There is a newer version of the South Dakota Codified Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2011 South Dakota Code
Title 48 PARTNERSHIPS
Chapter 07A. Uniform Partnership Act
§48-7A-806 Partner's liability to other partners after dissolution.


SD Codified L § 48-7A-806 (through 2011) What's This?

48-7A-806. Partner's liability to other partners after dissolution. (a) Except as otherwise provided in subsection (b) and § 48-7A-306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 48-7A-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under subsection 48-7A-804(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.

Source: SL 2001, ch 249, § 806.

Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.