North Carolina § 59-63 General effect of dissolution on authority of partner

North Carolina Statutes

§ 59-63 — General effect of dissolution on authority of partner

North Carolina § 59-63

Ch. 59Partnership

Art. 2Uniform Partnership Act

This text of North Carolina § 59-63 (General effect of dissolution on authority of partner) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 59-63 (2026).

Text

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 G.S. 59-64 so requires,

(2)With respect to persons not partners, as declared in G.S. 59-65. (1941, c. 374, s. 33.)

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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 G.S. 59-64 so requires,
(2) With respect to persons not partners, as declared in G.S. 59-65. (1941, c. 374, s. 33.)