Florida § 620.8702 - Dissociated partner’s power to bind and liability to partnership.
Full text of Florida Florida Statutes § 620.8702 — Dissociated partner’s power to bind and liability to partnership., with citation guidance and answers to common questions.
§ 620.8702. Dissociated partner’s power to bind and liability to partnership.
(1) For 1 year after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under ss. 620.8911-620.8923, is bound by an act of the dissociated partner which would have bound the partnership under s. 620.8301 before dissociation only if, at the time of entering into the transaction, the other party: (a) Reasonably believed that the dissociated partner was then a partner; (b) Did not have notice of the partner’s dissociation; and (c) Is not deemed to have had knowledge under s. 620.8303(4) or notice under s. 620.8704(4). (2) A dissociated partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the dissociated partner after dissociation for which the partnership is liable under subsection (1).
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 620.8702
What does Florida Statutes § 620.8702 cover?
Section 620.8702 ("Dissociated partner’s power to bind and liability to partnership.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 620.8702?
A common citation format is "Florida Statutes § 620.8702" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 620.8702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.