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<section article="gca" article_name="Corporations and Associations" number="9A-703" title_number="9A" title_name="Maryland Revised Uniform Partnership Act" subtitle_number="7" subtitle_name="Partner's Dissociation When Business Not Wound Up">
  <level label="a">
    <text>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 subsection (b) of this section.</text>
  </level>
  <level label="b">
    <text>A partner who dissociates without 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 Subtitle 9 of this title, within 2 years after the partner’s dissociation, only if the obligation is one for which the partner is liable under § 9A-306 of this title and at the time of entering into the transaction the other party:</text>
    <level label="1">
      <text>Reasonably believed that the dissociated partner was then a partner;</text>
    </level>
    <level label="2">
      <text>Did not have notice of the partner’s dissociation; and</text>
    </level>
    <level label="3">
      <text>Is not deemed to have had knowledge under § 9A-303(e) of this title or notice under § 9A-704(c) of this subtitle.</text>
    </level>
  </level>
  <level label="c">
    <text>By agreement with the partnership creditor and the partners continuing the business, a dissociated partner may be released from liability for a partnership obligation.</text>
  </level>
  <level label="d">
    <text>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.</text>
  </level>
</section>
