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23-4-1-33. General effect of dissolution on authority of partner

IN Code § 23-4-1-33 (2019) (N/A)
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Sec. 33. 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 34 of this chapter so requires.

(2) With respect to persons not partners, as declared in section 35 of this chapter.

Formerly: Acts 1949, c.114, s.33. As amended by P.L.34-1987, SEC.301.

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23-4-1-32. Dissolution by decree of court
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23-4-1-34. Right of partner to contribution from copartners after dissolution