Alabama Code 10A-8A-8.08. Liability of partner and person dissociated as partner when claim against partnership
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Terms Used In Alabama Code 10A-8A-8.08
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
If a claim against a dissolved partnership is barred under Section 10A-8A-8.06 or 10A-8A-8.07, any corresponding claim under Sections 10A-8A-3.06, person dissociated as a partner to other persons” class=”unlinked-ref” datatype=”S” sessionyear=”2021″ statecd=”AL” title=”10A”>10A-8A-7.03, and 10A-8A-8.05 is also barred.