North Dakota § 45-20-06 (806) Partner's liability to other partners after dissolution

North Dakota Statutes

§ 45-20-06 — (806) Partner's liability to other partners after dissolution

North Dakota § 45-20-06

Title 45Partnerships

Ch. 45-20Winding Up Partnership Business

This text of North Dakota § 45-20-06 ((806) Partner's liability to other partners 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 § 45-20-06 (2026).

Text

1.Except as otherwise provided in subsection 2, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under section 45-20-04.

2.A partner who, with knowledge of the dissolution, incurs a partnership liability under subsection 2 of section 45-20-04 by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.

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1. Except as otherwise provided in subsection 2, after dissolution a partner is liable to the
other partners for the partner's share of any partnership liability incurred under section
45-20-04.
2. A partner who, with knowledge of the dissolution, incurs a partnership liability under
subsection 2 of section 45-20-04 by an act that is not appropriate for winding up the
partnership business is liable to the partnership for any damage caused to the
partnership arising from the liability.