Mass. Gen. Laws ch. 108A § 33

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 108A:33 - Effect of dissolution on partner's authority

Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership,

(1) With respect to the partners,

(a) When the dissolution is not by the act, bankruptcy or death of a partner; or

(b) When the dissolution is by such act, bankruptcy or death of a partner, in cases where section thirty-four so requires;

(2) With respect to persons not partners, as declared in section thirty-five.

Mass. Gen. Laws ch. 108A, § 33