Va. Code Ann. § 50-73.120
Partner's power to bind partnership after dissolution
Redline — June 1, 2021 → current.View current text →
Current — March 1, 2022
As of June 1, 2021
Subject to § 50-73.121, a partnership is bound by a partner's act after dissolution that:
Subject to § 50-73.121, a partnership is bound by a partner’s act after dissolution that:
(1) Is appropriate for winding up the partnership business; or
(1) Is appropriate for winding up the partnership business; or
(2) Would have bound the partnership under § 50-73.91 before dissolution, if the other party to the transaction did not have notice of the dissolution. (1996, c. 292.)
(2) Would have bound the partnership under § 50-73.91 before dissolution, if the other party to the transaction did not have notice of the dissolution.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.