Indiana § 23-4-1-33 General effect of dissolution on authority of partner

Indiana Statutes

§ 23-4-1-33 — General effect of dissolution on authority of partner

Indiana § 23-4-1-33

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 4PARTNERSHIPS

Ch. 1Uniform Partnership Act

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Bluebook

Ind. Code § 23-4-1-33 (2026).

Text

Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership:

(1)With respect to the partners:

(a)When the dissolution is not by the act, bankruptcy, or death of a partner; or

(b)When the dissolution is by such act, bankruptcy, or death of a partner, in cases where section 34 of this chapter so requires.

(2)With respect to persons not partners, as declared in section 35 of this chapter. Formerly: Acts 1949, c.114, s.33. As amended by P.L.34-1987, SEC.301.

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Except so far as may be necessary to wind up
partnership affairs or to complete transactions begun but not then
finished, dissolution terminates all authority of any partner to act for
the partnership:
(1) With respect to the partners:
(a) When the dissolution is not by the act, bankruptcy, or death
of a partner; or
(b) When the dissolution is by such act, bankruptcy, or death of
a partner, in cases where section 34 of this chapter so requires.
(2) With respect to persons not partners, as declared in section 35
of this chapter.
Formerly: Acts 1949, c.114, s.33. As amended by P.L.34-1987,
SEC.301.