Maryland Statutes
§ 9A-702
(a)For 2 years after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under Subtitle 9 of this title, is bound by an act of the dissociated partner which would have bound the partnership under § 9A-301 of this title 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 § 9A-303(d) of this title or notice under § 9A-704(c) of this subtitle.
(b)A dissociated partner is liable to the partnership for any damage caused to the partnersh
Free access — add to your briefcase to read the full text and ask questions with AI
Maryland § 9A-702 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.