(a) Except as otherwise provided in subsection (b) and Kan. Stat. Ann. §§ 56a-306 and amendments thereto, after dissolution a partner is liable to the other partners for the partner’s share of any partnership liability incurred under Kan. Stat. Ann. § 56a-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under subsection (b) of Kan. Stat. Ann. § 56a-804 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.

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Terms Used In Kansas Statutes 56a-806

  • 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.