(1) Except as otherwise provided in subsection (2) of this section and ORS § 67.105, after dissolution a partner is liable to the other partners for the partner’s share of any partnership liability incurred under ORS § 67.305.

Terms Used In Oregon Statutes 67.310

  • Business: includes every trade, occupation, profession and commercial activity. See Oregon Statutes 67.005
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Partnership: means an association of two or more persons to carry on as co-owners a business for profit created under ORS § 67. See Oregon Statutes 67.005

(2) A partner who, with knowledge of the dissolution, incurs a partnership liability under ORS § 67.305 (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. [1997 c.775 § 38]

 

  Previous section
Next section  
 Winding Up Partnership Business Contents