Alabama § 10A-8A-8.04 Power to Bind Partnership After Dissolution

Alabama Statutes

§ 10A-8A-8.04 — Power to Bind Partnership After Dissolution

Alabama § 10A-8A-8.04

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 8AAlabama Partnership Law

Art. 8Dissolution and Winding Up

This text of Alabama § 10A-8A-8.04 (Power to Bind Partnership After Dissolution) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-8A-8.04 (2026).

Text

(a)After dissolution, a partnership is bound by the act of a partner or by the act of a dissociated partner acting as a partner under Section 10A-8A-8.03(a) which:

(1)is appropriate for winding up the partnership’s business or not for profit activity; or

(2)would have bound the partnership under Section 10A-8A-3.01 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.

(b)Subject to subsection (a), a person dissociated as a partner binds a partnership through an act occurring after dissolution only if:

(1)at the time the other party enters into the transaction the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and

(2)the act:

(A)is appropriat

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(a) After dissolution, a partnership is bound by the act of a partner or by the act of a dissociated partner acting as a partner under Section 10A-8A-8.03(a) which:
(1) is appropriate for winding up the partnership’s business or not for profit activity; or
(2) would have bound the partnership under Section 10A-8A-3.01 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.
(b) Subject to subsection (a), a person dissociated as a partner binds a partnership through an act occurring after dissolution only if:
(1) at the time the other party enters into the transaction the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and
(2) the act:
(A) is appropriate for winding up the partnership’s business or not for profit activity; or
(B) would have bound the partnership under Section 10A-8A-3.01 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.