North Dakota § 45-10.2-70 (804) Power of general partner and person dissociated as general partner to bind partnership after dissolution

North Dakota Statutes

§ 45-10.2-70 — (804) Power of general partner and person dissociated as general partner to bind partnership after dissolution

North Dakota § 45-10.2-70

Title 45Partnerships

Ch. 45-10.2Uniform Limited Partnership Act

This text of North Dakota § 45-10.2-70 ((804) Power of general partner and person dissociated as general partner to bind partnership after dissolution) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 45-10.2-70 (2026).

Text

to bind partnership after dissolution. 1. A limited partnership is bound by an act of a general partner after dissolution which: a. Is appropriate for winding up the activities of a limited partnership; or b. Would have bound the limited partnership under section 45-10.2-38 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution. 2. A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if: a. At the time the other party enters into the transaction:

(1)Less than two years have passed since the dissociation; and

(2)The other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and b. The act:

(1)

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to bind partnership after dissolution.
1. A limited partnership is bound by an act of a general partner after dissolution which:
a. Is appropriate for winding up the activities of a limited partnership; or
b. Would have bound the limited partnership under section 45-10.2-38 before
dissolution, if, at the time the other party enters into the transaction, the other
party does not have notice of the dissolution.
2. A person dissociated as a general partner binds a limited partnership through an act
occurring after dissolution if:
a. At the time the other party enters into the transaction:
(1) Less than two years have passed since the dissociation; and
(2) The other party does not have notice of the dissociation and reasonably
believes that the person is a general partner; and
b. The act:
(1) Is appropriate for winding up the activities of the limited partnership; or
(2) Would have bound the limited partnership under section 45-10.2-38 before
dissolution and at the time the other party enters into the transaction the
other party does not have notice of the dissolution.