Utah § 48-2e-804 Power to bind partnership after dissolution.

Utah Statutes

§ 48-2e-804 — Power to bind partnership after dissolution.

Utah·Title 48 Unincorporated Business Entity Act·Ch. 48-2e Utah Uniform Limited Partnership Act·Part 48-2e-8 Dissolution and Winding up

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

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

(1)(b) would have bound the limited partnership under Section 48-2e-402 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 general partner binds a limited partnership through an act occurring after dissolution if:

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

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

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

(2)(b) the act:

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

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

(1)(a) is appropriate for winding up the limited partnership's activities and affairs; or
(1)(b) would have bound the limited partnership under Section 48-2e-402 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 general partner binds a limited partnership through an act occurring after dissolution if:

(2)(a) at the time the other party enters into the transaction:
(2)(a)(i) less than two years has passed since the dissociation; and
(2)(a)(ii) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and
(2)(b) the act:
(2)(b)(i) is appropriate for winding up the limited partnership's activities and affairs; or
(2)(b)(ii) would have bound the limited partnership under Section 48-2e-402 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.

Utah § 48-2e-804 (Power to bind partnership after dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.