Code · Massachusetts · Part I — ADMINISTRATION OF THE GOVERNMENT · Title XV — REGULATION OF TRADE · Chapter 108A

Section 33: Effect of dissolution on partner's authority

90 words·~1 min read·/ma/part-i/title-xv/chapter-108a/33

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

Section 33. 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 thirty-four so requires;

(2)With respect to persons not partners, as declared in section thirty-five.