Pennsylvania § 8485 - Liability after dissolution.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 8485 — Liability after dissolution., with citation guidance and answers to common questions.
§ 8485. Liability after dissolution.
(a) Liability of partner.--If a partner having knowledge of the dissolution causes a partnership to incur an obligation under section 8484(a)(2) (relating to power to bind partnership after dissolution) by an act that is not appropriate for winding up the partnership business, the partner is liable:
(1) to the partnership for any damage caused to the partnership arising from the obligation; and
(2) if another partner or person dissociated as a partner is liable for the obligation, to that other partner or person for any damage caused to that other partner or person arising from the liability.
(b) Liability of person dissociated as partner.--Except as provided under subsection (c), if a person dissociated as a partner causes a partnership to incur an obligation under section 8484(b), the person is liable:
(1) to the partnership for any damage caused to the partnership arising from the obligation; and
(2) if a partner or another person dissociated as a partner is liable for the obligation, to the partner or other person for any damage caused to the partner or other person arising from the obligation.
(c) Exception in winding up.--A person dissociated as a partner is not liable under subsection (b) if:
(1) section 8482(c) (relating to winding up and filing of certificates) permits the person to participate in winding up; and
(2) the act that causes the partnership to be bound under section 8484(b) is appropriate for winding up the partnership's business.
Cross References. Section 8485 is referred to in sections 8242, 8244 of this title.
Frequently Asked Questions About Pennsylvania § 8485
What does Pennsylvania Consolidated Statutes § 8485 cover?
Section 8485 ("Liability after dissolution.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 8485?
A common citation format is "Pennsylvania Consolidated Statutes § 8485" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 8485 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.