Montana Code 35-10-626. Partner’s power to bind partnership after dissolution
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35-10-626. Partner’s power to bind partnership after dissolution. Subject to 35-10-627, a partnership is bound by a partner’s act after dissolution that:
Terms Used In Montana Code 35-10-626
- 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.
(1)is appropriate for winding up the partnership business; or
(2)would have bound the partnership under 35-10-301 before dissolution if the other party to the transaction did not have notice of the dissolution.