Power of general partner and person dissociated as general partner to bind partnership after dissolution

(a) A limited partnership shall be bound by a general partner’s act after dissolution which: (1) Is appropriate for winding up the limited partnership’s activities and affairs; or (2) Would have bound the limited partnership under § 29-704.02 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice or knowledge of the dissolution. (b) A person dissociated as a general partner shall bind a limited partnership through an act occurring after dissolution if: (1) At the time the other party enters into the transaction: (A) Less than 2 years has passed since the dissociation; and (B) The other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and (2) The act: (A) Is appropriate for winding up the limited partnership’s activities; or (B) Would have bound the limited partnership under § 29-704.02 before dissolution and at the time the other party enters into the transaction the other party does not have notice or knowledge of the dissolution.