Section 10A-8A-8.05 - Liability after dissolution of partner and person dissociated as partner; other partners, and persons dissociated as partners(a) If a partner having knowledge of the dissolution causes a partnership to incur an obligation under Section 10A-8A-8.04(a) by an act that is not appropriate for winding up the partnership's business or not for profit activity, the partner is liable: (1) to the partnership for any damage caused to the partnership arising from the obligation; and(2) if another partner or a person dissociated as a partner is liable for the obligation, to that other partner or person for any damage caused to that other partner or person arising from the liability.(b) If a person dissociated as a partner causes a partnership to incur an obligation under Section 10A-8A-8.04(b), the person is liable: (1) to the partnership for any damage caused to the partnership arising from the obligation; and(2) if a partner or another person dissociated as a partner is liable for the obligation, to the partner or other person for any damage caused to the partner or other person arising from the liability.(c) A person dissociated as a partner is not liable under subsection (b) if: (1) the last sentence of Section 10A-8A-8.03(a) permits the person to participate in winding up; and(2) the act that causes the partnership to be bound under Section 10A-8A-8.04(b) is appropriate for winding up the partnership's business or not for profit activity.Ala. Code § 10A-8A-8.05 (1975)
Added by Act 2018-125,§ 7, eff. 1/1/2019.