Utah Code § 16-18-904
Power to bind partnership after dissolution
Utah · Utah Code Title 16 — Business Entities · Status: effective
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- Citation
- Utah Code § 16-18-904, Power to bind partnership after dissolution, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328487
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Full text
(1) A partnership is bound by a partner's act after dissolution which:
(a) is appropriate for winding up the partnership's activities and affairs; or
(b) would have bound the partnership under Section 16-18-301 before dissolution, if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution.
(2) A person dissociated as a partner binds a partnership through an act occurring after dissolution if at the time the other party enters into the transaction:
(a) less than two years has passed since the dissociation;
(b) the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and
(c) the act:
(i) is appropriate for winding up the partnership's activities and affairs; or
(ii) would have bound the partnership under Section 16-18-301 before dissolution, and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution.