(1) A partnership is bound by a partner's act after dissolution which: (a) is appropriate for winding up the partnership's activities and affairs; or (b) would have bound the partnership under Section 48-1d-301 before dissolution, if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution. (2) A person dissociated as a partner binds a partnership through an act occurring after dissolution if at the time the other party enters into the transaction: (a) less than two years has passed since the dissociation; (b) the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and (c) the act: (i) is appropriate for winding up the partnership's activities and affairs; or (ii) would have bound the partnership under Section 48-1d-301 before dissolution, and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution. Renumbered and Amended by Chapter 93, 2026 General Session Renumbered 10/1/2026
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.