South Carolina § 33-41-980 Satisfying certain liability of partner.

South Carolina Statutes

§ 33-41-980 — Satisfying certain liability of partner.

South Carolina § 33-41-980

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 41UNIFORM PARTNERSHIP ACT

This text of South Carolina § 33-41-980 (Satisfying certain liability of partner.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 33-41-980 (2026).

Text

The liability of a partner under item (2) of SECTION 33-41-970 shall be satisfied out of partnership assets alone when such partner had been prior to the dissolution:

(1)Unknown as a partner to the person with whom the contract is made; and (2) So far unknown and inactive in partnership affairs that the business reputation of the partnership could not be said to have been in any degree due to his connection with it.

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The liability of a partner under item (2) of SECTION 33-41-970 shall be satisfied out of partnership assets alone when such partner had been prior to the dissolution: (1) Unknown as a partner to the person with whom the contract is made; and (2) So far unknown and inactive in partnership affairs that the business reputation of the partnership could not be said to have been in any degree due to his connection with it.