South Dakota Statutes
§ 48-7A-806 — Partner's liability to other partners after dissolution.
(a)Except as otherwise provided in subsection (b) and § 48 - 7A - 306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 48 - 7A - 804.
(b)A partner who, with knowledge of the dissolution, incurs a partnership liability under subsection 48 - 7A - 804(2) 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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South Dakota § 48-7A-806 (Partner's liability to other partners after dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2001, ch 249, § 806.
Nearby Sections
15
§ 48-7-1001
Right of action.§ 48-7-1002
Proper plaintiff.§ 48-7-1003
Pleading.§ 48-7-1004
Expenses.§ 48-7-101
Definitions.§ 48-7-102
Name.§ 48-7-103
Reservation of name.§ 48-7-104
Specified office and agent.§ 48-7-105
Records to be kept.§ 48-7-106
Nature of business.§ 48-7-1101
Construction and application.§ 48-7-1102
Short title.§ 48-7-1103
Severability.