South Carolina § 33-41-970 - Power of partner to bind partnership after dissolution.
Full text of South Carolina South Carolina Code of Laws § 33-41-970 — Power of partner to bind partnership after dissolution., with citation guidance and answers to common questions.
§ 33-41-970. Power of partner to bind partnership after dissolution.
After dissolution a partner can bind the partnership, except as provided in SECTION 33-41-990.
(1) By any act appropriate for winding up partnership affairs or completing transactions unfinished at dissolution; or
(2) By any transaction which would bind the partnership if dissolution had not taken place, provided the other party to the transaction
(a) had extended credit to the partnership prior to the dissolution and had no knowledge or notice of the dissolution or
(b) though he had not so extended credit, had nevertheless known of the partnership prior to dissolution and, having no knowledge or notice of dissolution, the fact of dissolution had not been advertised in a newspaper of general circulation in the place (or in each place if more than one) at which the partnership business was regularly carried on.
HISTORY: 1962 Code SECTION 52-67; 1952 Code SECTION 52-67; 1950 (46) 1841.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-41-970
What does South Carolina Code of Laws § 33-41-970 cover?
Section 33-41-970 ("Power of partner to bind partnership after dissolution.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. 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 South Carolina § 33-41-970?
A common citation format is "South Carolina Code of Laws § 33-41-970" (South Carolina). 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 South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 33-41-970 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina 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 South Carolina.