Kansas § 56a-702 Dissociated partner's power to bind and liability to partnership

Kansas Statutes

§ 56a-702 — Dissociated partner's power to bind and liability to partnership

Kansas § 56a-702

Ch. 56aKANSAS UNIFORM PARTNERSHIP ACT

Art. 7PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP

This text of Kansas § 56a-702 (Dissociated partner's power to bind and liability to partnership) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 56a-702 (2026).

Text

(a)For two years after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under article 9, is bound by an act of the dissociated partner which would have bound the partnership under K.S.A. 56a-301 before dissociation only if at the time of entering into the transaction the other party:

(1)Reasonably believed that the dissociated partner was then a partner;

(2)did not have notice of the partner's dissociation; and

(3)is not deemed to have had knowledge under subsection (e) of K.S.A. 56a-303 or notice under subsection (c) of K.S.A. 56a-704.

(b)A dissociated partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the dissociated

Free access — add to your briefcase to read the full text and ask questions with AI

(a) For two years after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under article 9, is bound by an act of the dissociated partner which would have bound the partnership under K.S.A. 56a-301 before dissociation only if at the time of entering into the transaction the other party:
(1) Reasonably believed that the dissociated partner was then a partner;
(2) did not have notice of the partner's dissociation; and
(3) is not deemed to have had knowledge under subsection (e) of K.S.A. 56a-303 or notice under subsection (c) of K.S.A. 56a-704.
(b) A dissociated partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the dissociated partner after dissociation for which the partnership is liable under subsection (a).