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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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CORPORATIONS AND ASSOCIATIONS |
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TITLE 9A. MARYLAND REVISED UNIFORM PARTNERSHIP ACT |
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SUBTITLE 8. WINDING UP PARTNERSHIP BUSINESS |
§ 9A-806. Partner's liability to other partners after dissolution
Latest version.
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(a) Existing liability. -- Except as otherwise provided in subsection (b) of this section and § 9A-306(c) of this title, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 9A-804 of this subtitle.
(b) Incurring liability. -- A partner who, with knowledge of the dissolution, incurs a partnership liability under § 9A-804(2) of this subtitle 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.