Vermont § 3263 - Dissociated partner’s liability to other persons
Full text of Vermont Vermont Statutes Online § 3263 — Dissociated partner’s liability to other persons, with citation guidance and answers to common questions.
§ 3263. Dissociated partner’s liability to other persons
- (a) A partner’s dissociation does not discharge the partner’s liability for a partnership
obligation incurred before dissociation. A dissociated partner is not liable for a
partnership obligation incurred after dissociation, except as otherwise provided in
subsection (b) of this section. (b) A partner who dissociates without resulting in a dissolution and winding up of the
partnership business is liable as a partner to the other party in a transaction entered
into by the partnership, or a surviving partnership under subchapter 9 of this chapter,
within two years after the partner’s dissociation, only if the partner is liable for
the obligation under section 3226 of this title, and 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. (c) By agreement with the partnership creditor and the partners continuing the business,
a dissociated partner may be released from liability for a partnership obligation. (d) A dissociated partner is released from liability for a partnership obligation if a
partnership creditor, with notice of the partner’s dissociation but without the partner’s
consent, agrees to a material alteration in the nature or time of payment of a partnership
obligation. (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 § 3263
What does Vermont Statutes Online § 3263 cover?
Section 3263 ("Dissociated partner’s liability to other persons") 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 § 3263?
A common citation format is "Vermont Statutes Online § 3263" (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 § 3263 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.