Section 29-708.04 - Power of general partner and person dissociated as general partner to bind partnership after dissolution(a) A limited partnership shall be bound by a general partner's act after dissolution which: (1) Is appropriate for winding up the limited partnership's activities and affairs; or(2) Would have bound the limited partnership under § 29-704.02 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice or knowledge of the dissolution.(b) A person dissociated as a general partner shall bind a limited partnership through an act occurring after dissolution if: (1) At the time the other party enters into the transaction:(A) Less than 2 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 § 29-704.02 before dissolution and at the time the other party enters into the transaction the other party does not have notice or knowledge of the dissolution.July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(g)(9)(D), 59 DCR 13171.Uniform Law: This section is based on § ,804 of the Uniform Limited Partnership Act (2001 Act).
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.