South Carolina § 33-41-950 Effect of dissolution on partner's authority to act.

South Carolina Statutes

§ 33-41-950 — Effect of dissolution on partner's authority to act.

South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 41 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 when SECTION 33-41-960 so requires; and (2) With respect to persons not partners, as declared in SECTIONS 33-41-970 and 33-41-990.

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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 when SECTION 33-41-960 so requires; and (2) With respect to persons not partners, as declared in SECTIONS 33-41-970 and 33-41-990.

South Carolina § 33-41-950 (Effect of dissolution on partner's authority to act.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.