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Ind. Code § 23-4-1-33

General effect of dissolution on authority of partner

Known as the Uniform Partnership Act

The act spans §§ 23-4-1-1 to 23-4-1-9 (62 sections).

Formerly: Acts 1949, c.114, s.33

Sec. 33. Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership:

(1) With respect to the partners:

(a) When the dissolution is not by the act, bankruptcy, or death of a partner; or

(b) When the dissolution is by such act, bankruptcy, or death of a partner, in cases where section 34 of this chapter so requires.

(2) With respect to persons not partners, as declared in section 35 of this chapter.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.