Vermont § 3262 - Dissociated partner’s power to bind and liability to partnership
Full text of Vermont Vermont Statutes Online § 3262 — Dissociated partner’s power to bind and liability to partnership, with citation guidance and answers to common questions.
§ 3262. Dissociated partner’s power to bind and liability to partnership
- (a) For two years after a partner dissociates without resulting in a dissolution and winding
up of the partnership business, the partnership, including a surviving partnership
under subchapter 9 of this title, is bound by an act of the dissociated partner which
would have bound the partnership under section 3221 of this title before dissociation only if at the time of entering into the transaction the other
party: (1) reasonably believed that the dissociated partner was then a partner; (2) did not have notice of the partner’s dissociation; and (3) is not deemed to have had knowledge under subsection 3223(e) of this title, or notice under subsection 3264(c) of this title. (b) 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 (a) of this section. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3262
What does Vermont Statutes Online § 3262 cover?
Section 3262 ("Dissociated partner’s power to bind and liability to partnership") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 3262?
A common citation format is "Vermont Statutes Online § 3262" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3262 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.