Partner's liability to other partners after dissolution

SDCL § 48-7A-806 — under UNIFORM PARTNERSHIP ACT.

SDCL § 48-7A-806

(a) Except as otherwise provided in subsection (b) and § 48 - 7A - 306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 48 - 7A - 804. (b) A partner who, with knowledge of the dissolution, incurs a partnership liability under subsection 48 - 7A - 804(2) by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability. Source: SL 2001, ch 249 , § 806.