Ark. Code Ann. § 4-46-806

Partner's liability to other partners after dissolution

Last amended: 1999Year: 2026Length: 178 wordsSubsections: 2
(a) Except as otherwise provided in subsection (b) of this section and § 4-46-306 , after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 4-46-804 . (b) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 4-46-804(2) by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability. Acts 1999, No. 1518, § 806. (a) Except as otherwise provided in subsection (b) of this section and § 4-46-306 , after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 4-46-804 . (b) A partner who, with knowledge of the dissolution, incurs a partnership liability under § 4-46-804(2) by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability. Acts 1999, No. 1518, § 806.
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