N.C. Gen. Stat. § 59-64

Right of partner to contribution from copartners after dissolution

Known as the North Carolina Uniform Partnership Act

The act spans §§ 59–59 (46 sections).

Applied in 1 court decision — leading case 75 N.C. App. 584 - Ludwig v. Walter (1985)

Most recently applied in 75 N.C. App. 584 - Ludwig v. Walter (July 1985)

1941, c. 374, s. 34.

Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his copartners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless

(1) The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution, or

(2) The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy.

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.