§ 48-7A-806 Partner's liability to other partners after dissolution.

SD Codified L § 48-7A-806 (2019) (N/A)
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48-7A-806. Partner's liability to other partners after dissolution. (a) Except as otherwise provided in subsection (b) and § 48-7A-306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under § 48-7A-804.

(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under subsection 48-7A-804(2) 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.

Source: SL 2001, ch 249, § 806.