Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 29. Partnership |
Chapter 5. REVISED UNIFORM PARTNERSHIP ACT |
Article 8. Winding Up Partnership Business |
Sec 29-1076. Partner's liability to other partners after dissolution
Latest version.
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A. Except as otherwise provided in subsection B of this section or in section 29-1026, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under section 29-1074.
B. A partner who, with knowledge of the dissolution, incurs a partnership liability under section 29-1074, paragraph 2 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.