Idaho § 30-23-702 POWER TO BIND AND LIABILITY OF PERSON DISSOCIATED AS PARTNER

Idaho Statutes

§ 30-23-702 — POWER TO BIND AND LIABILITY OF PERSON DISSOCIATED AS PARTNER

Idaho § 30-23-702

Title 30CORPORATIONS

Part 7PARTNER’S DISSOCIATION WHEN BUSINESS NOT WOUND UP

Ch. 23GENERAL PARTNERSHIPS

This text of Idaho § 30-23-702 (POWER TO BIND AND LIABILITY OF PERSON DISSOCIATED AS PARTNER) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-23-702 (2026).

Text

(a)After a person is dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership business and before the partnership is merged out of existence, converted, or domesticated under chapter 22, title 30, Idaho Code, or dissolved, the partnership is bound by an act of the person only if:

(1)The act would have bound the partnership under section 30-23-301, Idaho Code, before dissociation; 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 know or have notice of the dissociation and reasonably believes that the person is a partner.

(b)If a partnership is bound under subsection (a) of this section, the person dissociated as a partner th

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(a) After a person is dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership business and before the partnership is merged out of existence, converted, or domesticated under chapter 22, title 30, Idaho Code, or dissolved, the partnership is bound by an act of the person only if:
(1) The act would have bound the partnership under section 30-23-301, Idaho Code, before dissociation; 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 know or have notice of the dissociation and reasonably believes that the person is a partner.
(b) If a partnership is bound under subsection (a) of this section, the person dissociated as a partner that caused the partnership to be bound is liable:
(1) To the partnership for any damage caused to the partnership arising from the obligation incurred under subsection (a) of this section; and
(2) If a partner or another person dissociated as a partner is liable for the obligation to the partner or other person for any damage caused to the partner or other person arising from the liability.