30-24-805. LIABILITY AFTER DISSOLUTION OF GENERAL PARTNER AND PERSON DISSOCIATED AS GENERAL PARTNER. (a) If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation under section 30-24-804(a), Idaho Code, by an act that is not appropriate for winding up the partnership’s activities and affairs, the general partner is liable:
(1) To the partnership for any damage caused to the partnership arising from the obligation; and
(2) If another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability.
(b) If a person dissociated as a general partner causes a limited partnership to incur an obligation under section 30-24-804(b), Idaho Code, the person is liable:
(1) To the partnership for any damage caused to the partnership arising from the obligation; and
(2) If a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the obligation.
History:
[30-24-805, added 2015, ch. 243, sec. 40, p. 865.]
Structure Idaho Code
Chapter 24 - LIMITED PARTNERSHIPS
Part 8 - DISSOLUTION AND WINDING UP
Section 30-24-801 - EVENTS CAUSING DISSOLUTION.
Section 30-24-802 - WINDING UP.
Section 30-24-803 - RESCINDING DISSOLUTION.
Section 30-24-804 - POWER TO BIND PARTNERSHIP AFTER DISSOLUTION.
Section 30-24-806 - KNOWN CLAIMS AGAINST DISSOLVED LIMITED PARTNERSHIP.
Section 30-24-807 - OTHER CLAIMS AGAINST DISSOLVED LIMITED PARTNERSHIP.
Section 30-24-808 - COURT PROCEEDINGS.
Section 30-24-810 - DISPOSITION OF ASSETS IN WINDING UP — WHEN CONTRIBUTIONS REQUIRED.