Utah § 48-1d-803 Liability of person dissociated as partner to other persons.

Utah Statutes

§ 48-1d-803 — Liability of person dissociated as partner to other persons.

Utah § 48-1d-803

Title 48Unincorporated Business Entity Act

Ch. 48-1dUtah Uniform Partnership Act

Part 48-1d-8Partner's Dissociation When Business Not Wound Up

This text of Utah § 48-1d-803 (Liability of person dissociated as partner to other persons.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 48-1d-803 (2026).

Text

(1)A person's dissociation as a partner does not of itself discharge the person's liability as a partner for a debt, obligation, or other liability of the partnership incurred before dissociation. Except as otherwise provided in Subsection (2), the person is not liable for a partnership obligation incurred after dissociation.

(2)A person that has dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership's activities and affairs is liable on a transaction entered into by the partnership after the dissociation only if:

(2)(a) a partner would be liable on the transaction; and

(2)(b) at the time the other party enters into the transaction:

(2)(b)(i) less than two years has passed since the dissociation; and

(2)(b)(ii) the other party doe

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A person's dissociation as a partner does not of itself discharge the person's liability as a partner for a debt, obligation, or other liability of the partnership incurred before dissociation. Except as otherwise provided in Subsection (2), the person is not liable for a partnership obligation incurred after dissociation.
(2) A person that has dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership's activities and affairs is liable on a transaction entered into by the partnership after the dissociation only if:

(2)(a) a partner would be liable on the transaction; and
(2)(b) at the time the other party enters into the transaction:
(2)(b)(i) less than two years has passed since the dissociation; and
(2)(b)(ii) the other party does not have knowledge or notice of the dissociation and reasonably believes that the person is a partner.
(3) By agreement with a creditor of a partnership and the partnership, a person dissociated as a partner may be released from liability for an obligation of the partnership.
(4) A person dissociated as a partner is released from liability for an obligation of the partnership if the partnership's creditor, with knowledge or notice of the person's dissociation but without the person's consent, agrees to a material alteration in the nature or time of payment of the obligation.