Utah § 48-1d-904 Power to bind partnership after dissolution.

Utah Statutes

§ 48-1d-904 — Power to bind partnership after dissolution.

Utah·Title 48 Unincorporated Business Entity Act·Ch. 48-1d Utah Uniform Partnership Act·Part 48-1d-9 Dissolution and Winding Up

(1)A partnership is bound by a partner's act after dissolution which:

(1)(a) is appropriate for winding up the partnership's activities and affairs; or

(1)(b) would have bound the partnership under Section 48-1d-301 before dissolution, if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution.

(2)A person dissociated as a partner binds a partnership through an act occurring after dissolution if at the time the other party enters into the transaction:

(2)(a) less than two years has passed since the dissociation;

(2)(b) the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and

(2)(c) the act:

(2)(c)(i) is appropriate for winding up the partnership's activities and a

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(1) A partnership is bound by a partner's act after dissolution which:

(1)(a) is appropriate for winding up the partnership's activities and affairs; or
(1)(b) would have bound the partnership under Section 48-1d-301 before dissolution, if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution.
(2) A person dissociated as a partner binds a partnership through an act occurring after dissolution if at the time the other party enters into the transaction:

(2)(a) less than two years has passed since the dissociation;
(2)(b) the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and
(2)(c) the act:
(2)(c)(i) is appropriate for winding up the partnership's activities and affairs; or
(2)(c)(ii) would have bound the partnership under Section 48-1d-301 before dissolution, and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution.

Utah § 48-1d-904 (Power to bind partnership after dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.