Sec. 804

805 ILCS 206/804, under Winding Up Partnership Business.

805 ILCS 206/804

(805 ILCS 206/804)

    Sec. 804.

Partner's power to bind partnership after dissolution. Subject to Section 805 of this Act, a partnership is bound by a partner's act after dissolution that:

        (1) is appropriate for winding up the partnership     business; or

        (2) would have bound the partnership under Section     301 before dissolution, if the other party to the transaction did not have notice of the dissolution. (Source: P.A. 92-740, eff. 1-1-03.)