(804) Power of general partner and person dissociated as general partner to bind partnership after dissolution
N.D. Cent. Code § 45-10.2-70
in effect45-10.2-70. (804) Power of general partner and person dissociated as general partner
to bind partnership after dissolution.
1. A limited partnership is bound by an act of a general partner after dissolution which:
a. Is appropriate for winding up the activities of a limited partnership; or
b. Would have bound the limited partnership under section 45-10.2-38 before
dissolution, if, at the time the other party enters into the transaction, the other
party does not have notice of the dissolution.
2. A person dissociated as a general partner binds a limited partnership through an act
occurring after dissolution if:
a. At the time the other party enters into the transaction:
(1) Less than two years have passed since the dissociation; and
(2) The other party does not have notice of the dissociation and reasonably
believes that the person is a general partner; and
b. The act:
(1) Is appropriate for winding up the activities of the limited partnership; or
(2) Would have bound the limited partnership under section 45-10.2-38 before
dissolution and at the time the other party enters into the transaction the
other party does not have notice of the dissolution.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t45c10-2.pdf#nameddest=45-10p2-70Fetched: 10/16/2026