Mass. Gen. Laws ch. 108A § 34

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 108A:34 - Liability of partner to copartners when dissolution caused by act, death or bankruptcy of partner

Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his co-partners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless

(a) The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution; or

(b) The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy.

(c) The liability is for a debt, obligation, or liability for which the partner is not liable as provided in section fifteen.

Mass. Gen. Laws ch. 108A, § 34