14-8-34. Liability of partners to copartners for actions following dissolution of partnership.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Subject to contrary agreement of the partners, each partner is liable to his or her copartners for his or her share of any liability created by any partner acting for the partnership after dissolution as if the partnership had not been dissolved; provided, however, that a partner shall not be liable to the partner acting for the partnership after dissolution where:
(1)
The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution;#
(2)
The dissolution being by the death of a partner, the partner acting for the partnership had knowledge or notice of the death;#
(3)
The dissolution is not by the act or death of a partner; or#
(4)
The liability is for a debt or obligation for which the partner is not liable as provided in subsection (b) of Code Section 14-8-15.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 14-8-34, enacted by Ga. L. 1984, p. 1439, § 1; Ga. L. 1985, p. 1436, § 4; Ga. L. 1995, p. 470, § 5.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 927; merge action: carried; file SHA-256 f2fad2b71b39.

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