Montana § 35-10-620 Dissociated Partner's Power To Bind Partnership -- Liability To Partnership

Montana Statutes

§ 35-10-620 — Dissociated Partner's Power To Bind Partnership -- Liability To Partnership

Montana § 35-10-620

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 10PARTNERSHIPS IN GENERAL

Part 6Dissolution and Winding Up

This text of Montana § 35-10-620 (Dissociated Partner's Power To Bind Partnership -- Liability To Partnership) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-10-620 (2026).

Text

35-10-620 . Dissociated partner's power to bind partnership -- liability to partnership.

(1)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 35-10-635 through 35-10-637 and 35-10-641 through 35-10-644 , is bound by an act of the dissociated partner that would have bound the partnership under 35-10-301 before dissociation if the other party to the transaction:

(a)reasonably believed when entering the transaction that the dissociated partner was a partner at that time;

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

(c)is not considered to have had knowledge under 35-10-310 (5) or notice under 35-10-622 .

(2)A dissociated partner is liable to the partn

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35-10-620 . Dissociated partner's power to bind partnership -- liability to partnership. (1) 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 35-10-635 through 35-10-637 and 35-10-641 through 35-10-644 , is bound by an act of the dissociated partner that would have bound the partnership under 35-10-301 before dissociation if the other party to the transaction:
(a) reasonably believed when entering the transaction that the dissociated partner was a partner at that time;
(b) did not have notice of the partner's dissociation; and
(c) is not considered to have had knowledge under 35-10-310 (5) or notice under 35-10-622 .
(2) A dissociated partner is liable to the partnership for any loss caused to the partnership arising from an obligation incurred by the dissociated partner after dissociation and for which the partnership is liable under subsection (1).