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

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.