Washington Code 25.05.315 – Partner’s power to bind partnership after dissolution
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Subject to RCW 25.05.320, a partnership is bound by a partner’s act after dissolution that:
Terms Used In Washington Code 25.05.315
- 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.
(1) Is appropriate for winding up the partnership business; or
(2) Would have bound the partnership under RCW 25.05.100 before dissolution, if the other party to the transaction did not have notice of the dissolution.
[ 1998 c 103 § 804.]