The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 11 : Corporations, Partnerships and Associations
Chapter 022 : Partnerships
Subchapter 008 : WINDING UP PARTNERSHIP BUSINESS
(Cite as: 11 V.S.A. § 3276)-
§ 3276. Partner’s liability to other partners after dissolution
(a) Except as otherwise provided in subsection (b) of this section and section 3226 of this title, after dissolution a partner is liable to the other partners for the partner’s share of any partnership liability incurred under section 3274 of this title.
(b) A partner who, with knowledge of the dissolution, incurs a partnership liability under subdivision 3274(2) of this title by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
