(a) Except as otherwise provided in Subsection (b) of this section and Section 54-1A-306 NMSA 1978, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under Section 54-1A-804 NMSA 1978.
(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under Section 54-1A-804(2) NMSA 1978 by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.
History: Laws 1996, ch. 53, § 806; 1997, ch. 76, § 8.
The 1997 amendment, effective July 1, 1997, made section reference substitutions in Subsections (a) and (b), and, in Subsection (a), inserted "of this section and Section 54-1A-306 NMSA 1978" near the beginning and deleted "unless the liability is not one for which the partner is liable under Section 306 and Section 54-1-48 NMSA 1978" at the end.
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