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Tenn. Code Ann. § 61-1-806

Partner's liability to other partners after dissolution

Known as the Uniform Partnership Act

The act spans §§ 61-1-1001 to 61-1-908 (67 sections).

Acts 2001, ch. 353.

(1) Except as otherwise provided in subsection (b), after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 61-1-804.

(2) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 61-1-804(2) by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.