West Virginia Code 47B-8-4 – Partner’s power to bind partnership after dissolution
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Subject to section five, article eight of this chapter, a partnership is bound by a partner's act after dissolution that:
Terms Used In West Virginia Code 47B-8-4
- 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 section one, article three of this chapter before dissolution, if the other party to the transaction did not have notice of the dissolution.