1. (a) After dissolution, a partnership is bound by the act of a partner or by the act of a dissociated partner acting as a partner under Section 10A-8A-8.03(a) which:

   1. (1) is appropriate for winding up the partnership’s business or not for profit activity; or
   2. (2) would have bound the partnership under Section 10A-8A-3.01 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.

2. (b) Subject to subsection (a), a person dissociated as a partner binds a partnership through an act occurring after dissolution only if:

   1. (1) at the time the other party enters into the transaction the other party does not have notice of the dissociation and reasonably believes that the person is a partner; and

   2. (2) the act:

      1. (A) is appropriate for winding up the partnership’s business or not for profit activity; or
      2. (B) would have bound the partnership under Section 10A-8A-3.01 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.

(Act 2018-125, §7.)