Partner's Power to Bind Partnership After Dissolution

4 CMC § 40164 — under Uniform Partnership Act.

4 CMC § 40164

TITLE 4: ECONOMIC RESOURCES

DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

§ 40164. Partner's Power to Bind Partnership After Dissolution. Subject to 4 CMC § 40165, a partnership is bound by a partner's act after dissolution that: (a) Is appropriate for winding up the partnership business; or (b) Would have bound the partnership under 4 CMC § 40121 before dissolution, if the other party to the transaction did not have notice of the dissolution. Source: PL 15-88, § 2(804), modified. Commission Comment: The Commission changed capitalization and PL 15-88 section references to corresponding code sections pursuant to 1 CMC § 3806(c) and (f).