SECTION 620.8802. Partnership continues after dissolution.

Latest version.

1(1) 2Subject to subsection (2), a partnership continues after dissolution only for the purpose of winding up its business. The partnership is terminated when the winding up of its business is completed.
33(2) 34At any time after the dissolution of a partnership before the winding up of partnership business is completed, all of the partners, including any dissociating partner other than a wrongfully dissociating partner, may waive the right to have the partnership’s business wound up and the partnership terminated. In that event:
84(a) 85The partnership resumes carrying on its business as if dissolution had never occurred, and any liability incurred by the partnership or a partner after the dissolution and before the waiver is determined is as if the dissolution had never occurred; and
126(b) 127The rights of a third party accruing under s. 136620.8804(1) 137or arising out of conduct in reliance on the dissolution before the third party knew or received a notification of the waiver may not be adversely affected.

History.-s. 13, ch. 95-242.

Bills Cite this Section:

None

Implemented Rule (1):

69O-158.004. Insurers to Provide HRS with Certain Information; Reimbursement; Failure to Comply

Cited by Court Cases:

None

                    
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