§ 804 — Partner's power to bind partnership after dissolution

Illinois § 804

• Jurisdiction: Illinois
• Topic: BUSINESS AND EMPLOYMENT
• Ch. 805: BUSINESS ORGANIZATIONS
• Act 805 ILCS 206/: Uniform Partnership Act (1997).
• Art.: Article 8 - Winding Up Partnership Business

Text

Subject to Section 805 of this Act, a partnership is bound by a partner's act after dissolution that: (1) is appropriate for winding up the partnership business; or (2) would have bound the partnership under Section 301 before dissolution, if the other party to the transaction did not have notice of the dissolution.

Legislative History

(Source: P.A. 92-740, eff. 1-1-03.)