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·Title 45 Partnerships·Ch. 45-20 Winding Up Partnership Business

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.

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