Limitation of Authority of Partner to Act for Dissolved Partnership

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Partnerships
  5. Limitation of Authority of Partner to Act for Dissolved Partnership

Checkout our iOS App for a better way to browser and research.

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, as declared in Code Section 14-8-34; and
  2. With respect to persons not partners, as declared in Code Section 14-8-35.

(Code 1981, §14-8-33, enacted by Ga. L. 1984, p. 1439, § 1; Ga. L. 1985, p. 1436, § 3.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 573 et seq.

C.J.S.

- 68 C.J.S., Partnership, § 431 et seq.

ALR.

- Powers of liquidating partner with respect to incurring of obligations, 60 A.L.R.2d 826.


Download our app to see the most-to-date content.