Oregon Statutes 67.305 – Partners power to bind partnership after dissolution
Current as of: 2023 | Check for updates
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A partnership is bound by a partner’s act after dissolution that:
Terms Used In Oregon Statutes 67.305
- Business: includes every trade, occupation, profession and commercial activity. See Oregon Statutes 67.005
- 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.
- Partnership: means an association of two or more persons to carry on as co-owners a business for profit created under ORS § 67. See Oregon Statutes 67.005
(1) Is appropriate for winding up the partnership business; or
(2) Would have bound the partnership under ORS § 67.090 before dissolution, if:
(a) The other party to the transaction did not have notice of the dissolution; and
(b) The dissolution had not been advertised in a newspaper of general circulation in the place, or in each place if more than one, at which the partnership business is regularly carried on. [1997 c.775 § 37]