Section 7-12.1-804 - Power to bind partnership after dissolution(a) A partnership is bound by a partner's act after dissolution which: (1) Is appropriate for winding up the partnership business; or(2) Would have bound the partnership under § 7-12. 1-301 before dissolution if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution.(b) A person dissociated as a partner binds a partnership through an act occurring after dissolution if: (1) At the time the other party enters into the transaction: (i) Less than two (2) years has passed since the dissociation; and (ii) The other party does not know or have notice of the dissociation and reasonably believes that the person is a partner; and(2) The act: (i) Is appropriate for winding up the partnership's business; or(ii) Would have bound the partnership under § 7-12. 1-301 before dissolution and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution.R.I. Gen. Laws § 7-12.1-804
P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.