Haw. Rev. Stat. § 425E-804
Power of general partner and person dissociated as general partner to bind partnership after dissolution
Hawaii · Hawaii Revised Statutes Chapter 425E — Uniform Limited Partnership Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 425E-804, Power of general partner and person dissociated as general partner to bind partnership after dissolution, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424364
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Full text
(a) A limited partnership shall be bound by a general partner's act after dissolution that:
(1) Is appropriate for winding up the limited partnership's activities; or
(2) Would have bound the limited partnership under section 425E-402 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.
(b) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if:
(1) At the time the other party enters into the transaction:
(A) Less than two years has passed since the dissociation; and
(B) The other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and
(2) The act:
(A) Is appropriate for winding up the limited partnership's activities; or
(B) Would have bound the limited partnership under section 425E-402 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.