805 ILCS 206/804

Current through Public Act 103-1052

Section 805 ILCS 206/804 - Partner's power to bind partnership after dissolution

Subject to Section 805 of this Act, a partnership is bound by a partner's act after dissolution that:

(1) is appropriate for winding up the partnership business; or

(2) would have bound the partnership under Section 301 before dissolution, if the other party to the transaction did not have notice of the dissolution.

805 ILCS 206/804

P.A. 92-740, eff. 1/1/2003.