Section 30-23-703 - LIABILITY OF PERSON DISSOCIATED AS PARTNER TO OTHER PERSONS(a) Except as otherwise provided in subsection (b) of this section, a person dissociated as a partner is not liable for a partnership obligation incurred after dissociation.(b) A person that is dissociated as a partner is liable on a transaction entered into by the partnership after the dissociation only if: (1) The partner would be liable on the transaction; and(2) At the time the other party enters into the transaction: (A) Less than two (2) years has passed since the dissociation; and(B) The other party does not have knowledge or notice of the dissociation and reasonably believes that the person is a partner.(c) By agreement with a creditor of a partnership and the partnership, a person dissociated as a partner may be released from liability for a debt, obligation, or other liability of the partnership.(d) A person dissociated as a partner is released from liability for a debt, obligation, or other liability of the partnership if the partnership's creditor, with knowledge or notice of the person's dissociation but without the person's consent, agrees to a material alteration in the nature or time of payment of the debt, obligation or other liability.[30-23-703, added 2015, ch. 243, sec. 29, p. 829.]Added by 2015 Session Laws, ch. 243,sec. 29, eff. 7/1/2015.