Utah Code § 16-18-905
Liability after dissolution
Utah · Utah Code Title 16 — Business Entities · Status: effective
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- Citation
- Utah Code § 16-18-905, Liability after dissolution, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328488
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Full text
(1) If a partner having knowledge of the dissolution causes a partnership to incur an obligation under Subsection 16-18-904(1) by an act that is not appropriate for winding up the partnership's activities and affairs, the partner is liable:
(a) to the partnership for any damage caused to the partnership arising from the obligation; and
(b) if another partner or person dissociated as a partner is liable for the obligation, to that other partner or person for any damage caused to that other partner or person arising from the liability.
(2) If a person dissociated as a partner causes a partnership to incur an obligation under Subsection 16-18-904(2), the person is liable:
(a) to the partnership for any damage caused to the partnership arising from the obligation; and
(b) if a partner or another person dissociated as a partner is liable for the obligation, to the partner or other person for any damage caused to the partner or other person arising from the obligation.