Montana § 35-12-1212 Liability After Dissolution Of General Partner And Person Dissociated As General Partner To Limited Partnership, Other General Partners, And Person Dissociated As General Partner

Montana Statutes

§ 35-12-1212 — Liability After Dissolution Of General Partner And Person Dissociated As General Partner To Limited Partnership, Other General Partners, And Person Dissociated As General Partner

Montana § 35-12-1212

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 12LIMITED PARTNERSHIPS

Part 12Dissolution

This text of Montana § 35-12-1212 (Liability After Dissolution Of General Partner And Person Dissociated As General Partner To Limited Partnership, Other General Partners, And Person Dissociated As General Partner) 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. § 35-12-1212 (2026).

Text

35-12-1212 . Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and person dissociated as general partner.

(1)If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation under 35-12-1211 (1) by an act that is not appropriate for winding up the partnership's activities, the general partner is liable:

(a)to the limited partnership for any damage caused to the limited partnership arising from the obligation; and

(b)if another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability.

(2)If a perso

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35-12-1212 . Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and person dissociated as general partner. (1) If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation under 35-12-1211 (1) by an act that is not appropriate for winding up the partnership's activities, the general partner is liable:
(a) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and
(b) if another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability.
(2) If a person dissociated as a general partner causes a limited partnership to incur an obligation under 35-12-1211 (2), the person is liable:
(a) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and
(b) if a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability.