Continued use of a partnership name, or a person's name that is dissociated as a partner as part thereof, by partners continuing the business or not for profit activity does not of itself make the person dissociated as a partner liable for an obligation of the partners or the partnership continuing the business or not for profit activity.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Section 10A-8A-7.01 - Purchase of Transferable Interest of a Person Dissociated as a Partner.
Section 10A-8A-7.02 - Power to Bind and Liability of Person Dissociated as a Partner.
Section 10A-8A-7.03 - Liability of Person Dissociated as a Partner to Other Persons.