South Carolina Statutes
§ 33-41-960 — Liability of partner for acts of other partner upon dissolution.
When the dissolution is caused by the act, death, or bankruptcy of a partner, each partner is liable to his copartners for his share of any liability created by a partner acting for the partnership as if the partnership had not been dissolved unless:
(1)the dissolution being by act of a partner, the partner acting for the partnership had knowledge of the dissolution;
(2)the dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy; or (3) the liability is for a debt, obligation, or liability for which the partner is not liable as provided in Section 33-41-370(B).
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South Carolina § 33-41-960 (Liability of partner for acts of other partner upon dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 52-66; 1952 Code SECTION 52-66; 1950 (46) 1841; 1994 Act No. 448, SECTION 7.
Nearby Sections
15
§ 33-41-10
Short title.§ 33-41-1000
Liability under SECTION 33-41-380 not affected.§ 33-41-1020
Right to wind up partnership affairs.§ 33-41-1090
Accrual of right to an account.§ 33-41-1120
Name.§ 33-41-1130
Liability insurance.§ 33-41-1140
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