Dissociated partner’s power to bind and liability to partnership.

For 2 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 IX of this chapter, shall be bound by an act of the dissociated partner which would have bound the partnership under § 29-603.01 before dissociation only if at the time of entering into the transaction the other party: Reasonably believed that the dissociated partner was then a partner; Did not have notice of the partner’s dissociation; and Is not deemed to have had knowledge under § 29-603.03(e) or notice under § 29-607.04(c). A dissociated partner shall be liable to the partnership for any damage caused to the partnership arising from a debt, obligation, or other liability incurred by the dissociated partner after dissociation for which the partnership is liable under subsection (a) of this section. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012. Uniform Law: This section is based on § 702 of the Uniform Partnership Act (1997 Act).