S.D. Codified Laws § 48-7A-806

Current through the 2024 Legislative Session
Section 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.

SDCL 48-7A-806

SL 2001, ch 249, §806.