Kansas Statutes 56a-806. Partner’s liability to other partners after dissolution
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(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.
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.