Dissociated partner's liability to other persons. — Alaska Code § 32.06.703
Alaska Code § 32.06.703 — Dissociated partner's liability to other persons.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 32.06.703. Dissociated partner's liability to other persons.
(a) A partner's dissociation does not of itself 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 (b) of this section.
(b) A partner who dissociates without the dissociation 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 AS 32.06.905 — 32.06.908, within two years after the partner's dissociation only if the partner is liable for the obligation under AS 32.06.306 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 considered to have had knowledge under AS 32.06.303 (e) or notice under AS 32.06.704 (c).
(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.
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 32.06.703
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: Dissociated partner's liability to other persons.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Alaska Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Alaska attorney.
Common questions
What is the source of Alaska Statutes § 32.06.703?
The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 32.06.703 address?
It addresses "Dissociated partner's liability to other persons.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Alaska Statutes § 32.06.703 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Alaska source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Alaska law to your facts requires a licensed Alaska attorney who can review the specifics.