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Code · Virginia · Title 50 — Partnerships · Chapter 2.2

Code of Virginia § 50-73.122. Partner's liability to other partners after dissolution.

97 words·~1 min read·/va/title-50/chapter-2-2/50-73-122

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A. Except as otherwise provided in subsection B of this section or in subsection C of § 50-73.96 , after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 50-73.120 .
B. A partner who, with knowledge of the dissolution, causes the partnership to incur a liability under subdivision 2 of § 50-73.120 by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.
1996, c. 292 .
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