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Code · Illinois · Chapter 805 — BUSINESS ORGANIZATIONS · Act 206

Sec. 804. Partner's power to bind partnership after dissolution.

62 words·~1 min read·/il/chapter-805/act-206/804

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 804. Partner's power to bind partnership after dissolution. Subject to Section 805 of this Act, a partnership is bound by a partner's act after dissolution that:
(1)is appropriate for winding up the partnership business; or
(2)would have bound the partnership under Section 301 before dissolution, if the other
party to the transaction did not have notice of the dissolution.
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