(1) A limited partnership is bound by a general partner's act after dissolution which: (a) Is appropriate for winding up the limited partnership's activities; or (b) Would have bound the limited partnership under section 53-2-402 , Idaho Code, before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution. (2) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if: (a) At the time the other party enters into the transaction: (i) Less than two (2) years have passed since the dissociation; and (ii) The other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and (b) The act: (i) Is appropriate for winding up the limited partnership's activities; or (ii) Would have bound the limited partnership under section 53-2-402 , Idaho Code, before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.
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