2000 Minnesota Statutes

     323.35 Discharge of existing liabilities on dissolution. 

    The dissolution of the partnership does not of itself 
 discharge the existing liability of any partner.  

    A partner is discharged from any existing liability upon 
 dissolution of the partnership by an agreement to that effect 
 between that partner, the partnership creditor and the person or 
 partnership continuing the business; and such 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.  

    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.  

    The individual property of a deceased partner shall be 
 liable for those obligations of the partnership incurred while 
 the deceased was a partner and for which the deceased was liable 
 under section 323.14, but subject to the prior payment of the 
 deceased's separate debts.  

    HIST: (7419) 1921 c 487 s 36; 1986 c 444; 1994 c 539 s 14 

*   NOTE:  This section is repealed by Laws 1997, chapter 174, 
*article 12, section 68, as amended by Laws 1998, chapter 262, 
*section 12, effective January 1, 2002.