Continued use of a partnership name, or a dissociated partner’s name as part thereof, by partners continuing the business does not of itself make the dissociated partner liable for an obligation of the partners or the partnership continuing the business.
Cal. Corp. Code § 16705
Partner’s Dissociation When Business Not Wound Up
Known as the Uniform Partnership Act
The act spans §§ 16100–16962 (85 sections).
Added by Stats. 1996, Ch. 1003, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.