(805 ILCS 206/804)
Sec. 804. Partner's power to bind partnership after dissolution. Subject to Section 805 of this Act, a partnership is bound by a partner's act after dissolution that:
(1) is appropriate for winding up the partnership
business; or
(2) would have bound the partnership under Section
301 before dissolution, if the other party to the transaction did not have notice of the dissolution.
(Source: P.A. 92-740, eff. 1-1-03.)
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Last modified: February 18, 2015