Arkansas § 4-46-806 Partner's liability to other partners after dissolution

Arkansas Statutes

§ 4-46-806 — Partner's liability to other partners after dissolution

(a)Except as otherwise provided in subsection (b) of this section and § 4-46-306 , after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 4-46-804 .

(b)A partner who, with knowledge of the dissolution, incurs a partnership liability under § 4-46-804(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Except as otherwise provided in subsection (b) of this section and § 4-46-306 , after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 4-46-804 . (b) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 4-46-804(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.

Arkansas § 4-46-806 (Partner's liability to other partners after dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.