N.C. Gen. Stat. § 59-63
General effect of dissolution on authority of partner
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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,
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, When the dissolution is not by the act, bankruptcy or death of a partner; or
(1) With respect to the partners, When the dissolution is not by the act, bankruptcy or death of a partner; or
(2) When the dissolution is by such act, bankruptcy or death of a partner, in cases where G.S. 59-64 so requires,
(2) When the dissolution is by such act, bankruptcy or death of a partner, in cases where G.S. 59-64 so requires,
(3) With respect to persons not partners, as declared in G.S. 59-65.
(3) With respect to persons not partners, as declared in G.S. 59-65.
History
(1941, c. 374, s. 33.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.