Illinois Statutes
§ 804 — Partner's power to bind partnership after dissolution
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 206/ Uniform Partnership Act (1997).·Art. Article 8 - Winding Up Partnership Business
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.
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Legislative History
(Source: P.A. 92-740, eff. 1-1-03.)