Public-domain · open source
OpenJurist

S.C. Code Ann. § 33-41-960

Liability of partner for acts of other partner upon dissolution

Known as the Uniform Partnership Act

The act spans §§ 33–33 (61 sections).

1962 Code SECTION 52-66; 1952 Code SECTION 52-66; 1950 (46) 1841; 1994 Act No. 448, SECTION 7.

When 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 a partner acting for the partnership as if the partnership had not been dissolved unless:

(1) the dissolution being by act of a partner, the partner acting for the partnership had knowledge of the dissolution;

(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; or

(3) the liability is for a debt, obligation, or liability for which the partner is not liable as provided in Section 33-41-370(B).

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.