MARVIN MANDEL, Governor                               1935

FOR ADVERTISING THE FACT OF DISSOLUTION IN SUBSECTION (A)
(2) (II) OF THIS SECTION.

(D) NOTHING IN THIS SECTION SHALL AFFECT THE
LIABILITY UNDER § 9-308 OF ANY PERSON WHO AFTER
DISSOLUTION REPRESENTS HIMSELF OR CONSENTS TO ANOTHER
REPRESENTING HIM AS A PARTNER IN A PARTNERSHIP ENGAGED IN
CARRYING ON BUSINESS.

REVISOR'S NOTE: This section presently appears as

      Art. 73A, §35. Cross—references are
conformed.

The word "or" is added at the end of
subsection (a)(1) of this section.

In subsection (b) of this section, the word
"the" is substituted for the word "such."

The only other changes are technical changes
in punctuation.

9-607. EFFECT OF DISSOLUTION ON PARTNER'S EXISTING
LIABILITY.

(A)   THE DISSOLUTION OF THE PARTNERSHIP DOES NOT OF
ITSELF DISCHARGE THE EXISTING LIABILITY OF ANY PARTNER.

(B)    A PARTNER IS DISCHARGED FROM ANY EXISTING
LIABILITY UPON DISSOLUTION OF THE PARTNERSHIP BY AN
AGREEMENT TO THAT EFFECT BETWEEN HIMSELF, THE PARTNERSHIP
CREDITOR AND THE PERSON OR PARTNERSHIP CONTINUING THE
BUSINESS; AND THE AGREEMENT MAY BE INFERRED FROM THE
COURSE OF DEALING BETWEEN THE CREDITOR HAVING KNOWLEDGE
OF THE DISSOLUTION AND THE PERSON OR PARTNERSHIP
CONTINUING THE BUSINESS.

(C)    WHERE A PERSON AGREES TO ASSUME THE EXISTING
OBLIGATIONS OF A DISSOLVED PARTNERSHIP, THE PARTNERS
WHOSE OBLIGATIONS HAVE BEEN ASSUMED SHALL BE DISCHARGED
FROM ANY LIABILITY TO ANY CREDITOR OF THE PARTNERSHIP
WHO, KNOWING OF THE AGREEMENT, CONSENTS TO A MATERIAL
ALTERATION IN THE NATURE OR TIME OF PAYMENT OF SUCH
OBLIGATIONS.

(D)    THE INDIVIDUAL PROPERTY OF A DECEASED PARTNER
SHALL BE LIABLE FOR ALL OBLIGATIONS OF THE PARTNERSHIP
INCURRED WHILE HE WAS A PARTNER BUT SUBJECT TO THE PRIOR
PAYMENT OF HIS SEPARATE DEBTS.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §36.

In subsection (b) of this section, the word