[§425-134] Right of partner to contribution from co-partners after dissolution. [Repealed July 1, 2000. For new provision, see below.] Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to the partner's co-partners for the partner's share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless:
(a) The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution, or
(b) The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy. [L 1972, c 17, §34; gen ch 1985]
§425-134 Dissociated partner's power to bind and liability to partnership. [Section effective July 1, 2000. For present provision, see above.] (a) For two years after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership is bound by an act of the dissociated partner which would have bound the partnership under section 425-112 before dissociation only if at the time of entering into the transaction the other party:
(1) Reasonably believed that the dissociated partner was then a partner;
(2) Did not have notice of the partner's dissociation; and
(3) Is not deemed to have had knowledge under section 425-114(b) or notice under section 425-136(c).
(b) A dissociated partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the dissociated partner after dissociation for which the partnership is liable under subsection (a). [L 1999, c 284, pt of §1]