Utah § 48-1d-905 Liability after dissolution.

Utah Statutes

§ 48-1d-905 — Liability 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)If a partner having knowledge of the dissolution causes a partnership to incur an obligation under Subsection 48-1d-904(1) by an act that is not appropriate for winding up the partnership's activities and affairs, the partner is liable:

(1)(a) to the partnership for any damage caused to the partnership arising from the obligation; and

(1)(b) if another partner or person dissociated as a partner is liable for the obligation, to that other partner or person for any damage caused to that other partner or person arising from the liability.

(2)If a person dissociated as a partner causes a partnership to incur an obligation under Subsection 48-1d-904(2), the person is liable:

(2)(a) to the partnership for any damage caused to the partnership arising from the obligation; and

(2)(b) if a pa

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(1) If a partner having knowledge of the dissolution causes a partnership to incur an obligation under Subsection 48-1d-904(1) by an act that is not appropriate for winding up the partnership's activities and affairs, the partner is liable:

(1)(a) to the partnership for any damage caused to the partnership arising from the obligation; and
(1)(b) if another partner or person dissociated as a partner is liable for the obligation, to that other partner or person for any damage caused to that other partner or person arising from the liability.
(2) If a person dissociated as a partner causes a partnership to incur an obligation under Subsection 48-1d-904(2), the person is liable:

(2)(a) to the partnership for any damage caused to the partnership arising from the obligation; and
(2)(b) if a partner or another person dissociated as a partner is liable for the obligation, to the partner or other person for any damage caused to the partner or other person arising from the obligation.

Utah § 48-1d-905 (Liability after dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.