§ 61-2-803. Winding Up
Unless otherwise provided in the partnership agreement, the general partners who have not wrongfully dissolved a limited partnership or, if none, the limited partners or a person approved by the limited partners or, if there is more than one (1) class or group of limited partners, then by each class or group of limited partners, […]
§ 61-2-804. Distribution of Assets
Upon the winding up of a limited partnership, the assets shall be distributed as follows: To creditors, including partners who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the limited partnership (whether by payment or the making of reasonable provisions for payment thereof) other than liabilities for which reasonable […]
§ 61-2-805. Known Claims Against Dissolved Limited Partnership — Notice of Dissolution
A dissolved limited partnership may dispose of the known claims against it by following the procedure described in this section. The dissolved limited partnership shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must: Describe information that must be included in a claim; State […]
§ 61-2-806. Unknown Claims Against Dissolved Limited Partnership — Notice — Limitations
A dissolved limited partnership may also publish notice of its dissolution and request that persons with claims against the limited partnership present them in accordance with the notice. The notice must: Be published one (1) time in a newspaper of general circulation in the county where the dissolved limited partnership’s principal office (or, if none […]
§ 61-2-801. When Required — Exception
A limited partnership is dissolved and its affairs shall be wound up upon the first to occur of the following: At the time or upon the happening of events specified in the partnership agreement; Written consent of all partners; In the event of withdrawal of a general partner, unless at the time there is at […]
§ 61-2-802. Judicial Dissolution
On application by or for a partner, the court of record may decree dissolution of a limited partnership whenever it is not reasonably practicable to carry on the business in conformity with the partnership agreement.