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·Ch. 59 Partnership·Art. 2 Uniform Partnership Act

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.)

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

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.)

North Carolina § 59-63 (General effect of dissolution on authority of partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.