§ 8685. General partner liability after dissolution.
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/pa/title-15/chapter-86/8685A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 8685. General partner liability after dissolution.
(a)Liability of general partner.-- If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation under section 8684(a) (relating to power to bind partnership after dissolution) by an act that is not appropriate for winding up the partnership's activities and affairs, the general partner is liable:
(1)to the partnership for any damage caused to the partnership arising from the obligation; and
(2)if another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability.
(b)Liability of person dissociated as general partner.-- If a person dissociated as a general partner causes a limited partnership to incur an obligation under section 8684(b), the person is liable:
(1)to the partnership for any damage caused to the partnership arising from the obligation; and
(2)if a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the obligation.
15c8685v
Cross References. Section 8685 is referred to in section 8667 of this title.
15c8686s