POWER TO BIND AND LIABILITY OF PERSON DISSOCIATED AS GENERAL PARTNER.
Idaho Code § 30-24-606
in effect30-24-606. POWER TO BIND AND LIABILITY OF PERSON DISSOCIATED AS GENERAL PARTNER.
(a) After a person is dissociated as a general partner and before the limited partnership is merged out of existence, converted, or domesticated under chapter 22, title 30 , Idaho Code, or dissolved, the partnership is bound by an act of the person only if:
(1) The act would have bound the partnership under section 30-24-402 , Idaho Code, before the dissociation; and
(2) At the time the other party enters into the transaction:
(A) Less than two (2) years has passed since the dissociation; and
(B) The other party does not know or have notice of the dissociation and reasonably believes that the person is a general partner.
(b) If a limited partnership is bound under subsection (a) of this section, the person dissociated as a general partner that caused the partnership to be bound is liable:
(1) To the partnership for any damage caused to the partnership arising from the obligation incurred under subsection (a) of this section; 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 liability.
[30-24-606, added 2015, ch. 243, sec. 38, p. 860.]
Source: Idaho State Legislature (legislature.idaho.gov)URL: https://legislature.idaho.gov/statutesrules/idstat/Title30/T30CH24/SECT30-24-606/Fetched: 10/20/2026