48-1-30. General effect of dissolution on authority of partner.
Except so far as may be necessary to wind up partnership affairs or to complete
transactions begun but not then finished, dissolution terminates all authority of any partner to act
for the partnership.
(1) With respect to the partners:
(a) when the dissolution is not by the act, bankruptcy or death of a partner; or
(b) when the dissolution is by such act, bankruptcy or death of a partner in cases where
Section 48-1-31 so requires.
(2) With respect to persons not partners as declared in Section 48-1-32.
No Change Since 1953
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Last revised: Wednesday, October 08, 2008