| | | A.__To the limited partnership for any damage caused to the | | limited partnership arising from the obligation; and |
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| | | B.__If another general partner or a person dissociated as a | | general partner is liable for the obligation, to that other | | general partner or person for any damage caused to that | | other general partner or person arising from the liability. |
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| | | 2.__Dissociated general partner liable for incurring | | obligation.__If a person dissociated as a general partner causes | | a limited partnership to incur an obligation under section 1394, | | subsection 2, the person is liable: |
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| | | A.__To the limited partnership for any damage caused to the | | limited partnership arising from the obligation; and |
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| | | B.__If a general partner or another person dissociated as a | | general partner is liable for the obligation, to the general | | partner or other person for any damage caused to the general | | partner or other person arising from the liability. |
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| | | §1396.__Known claims against dissolved limited partnership |
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| | | 1.__Dispose of known claims.__A dissolved limited partnership | | may dispose of the known claims against it by following the | | procedure described in subsection 2. |
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| | | 2.__Notice of dissolution.__A dissolved limited partnership | | may notify its known claimants of the dissolution in a record. | | The notice must: |
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| | | A.__Specify the information required to be included in a | | claim; |
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| | | B.__Provide a mailing address to which the claim is to be | | sent; |
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| | | C.__State the deadline for receipt of the claim, which may | | not be less than 120 days after the date the notice is | | received by the claimant; |
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| | | D.__State that the claim will be barred if not received by | | the deadline; and |
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| | | E.__Unless the limited partnership has been throughout its | | existence a limited liability limited partnership, state | | that the barring of a claim against the limited partnership | | will also bar any corresponding claim against any general | | partner or person dissociated as a general partner that is | | based on section 1354. |
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