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Wisconsin Statutes Partnerships (Ch. 178, 179) § 178.0805. Liability after dissolution of partner and person dissociated as partner

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) If a partner having knowledge of the dissolution causes a partnership to incur an obligation under s. 178.0804(1) by an act that is not appropriate for winding up the partnership business, the partner is liable to all of the following:

(a) The partnership, for any damage caused to the partnership arising from the obligation.

(b) If another partner or person dissociated as a partner is liable for the obligation, that other partner or person, for any damage caused to that other partner or person arising from the liability.

(2) Except as otherwise provided in sub. (3), if a person dissociated as a partner causes a partnership to incur an obligation under s. 178.0804(2), the person is liable to all of the following:

(a) The partnership, for any damage caused to the partnership arising from the obligation.

(b) If a partner or another person dissociated as a partner is liable for the obligation, the partner or other person, for any damage caused to the partner or other person arising from the liability.

(3) A person dissociated as a partner is not liable under sub. (2) if all of the following apply:

(a) Section 178.0802(3) permits the person to participate in winding up.

(b) The act that causes the partnership to be bound under s. 178.0804(2) is appropriate for winding up the partnership's business.

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Cite this article: FindLaw.com - Wisconsin Statutes Partnerships (Ch. 178, 179) § 178.0805. Liability after dissolution of partner and person dissociated as partner - last updated January 01, 2025 | https://codes.findlaw.com/wi/partnerships-ch-178-179/wi-st-178-0805/

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