Code of Virginia (Last Updated:July 28, 2020) |
TITLE 50. Partnerships |
CHAPTER 2.2. Virginia Uniform Partnership Act |
ARTICLE 8. Winding Up Partnership Business |
SECTION 50-73.120. Partner's power to bind partnership after dissolution |
Subject to § 50-73.121 , a partnership is bound by a partner's act after dissolution that: 1. Is appropriate for winding up the partnership business; or 2. Would have bound the partnership under § 50-73.121 before dissolution, if the other party to the transaction did not have notice of the dissolution. 1996, c. 50-73.121 . |