Section 449.1804 – Authority to Wind Up Limited Partnership’s Affairs.
449.1804 Authority to wind up limited partnership’s affairs. Sec. 804. Except as provided in the partnership agreement, the general partners who have not wrongfully dissolved a limited partnership or, if none, the limited partners, may wind up the limited partnership’s affairs; but the circuit court of the county in which the office referred to in […]
Section 449.1805 – Distribution of Assets Upon Winding Up.
449.1805 Distribution of assets upon winding up. Sec. 805. Upon the winding up of a limited partnership, the assets shall be distributed as follows: (1) To creditors, including partners who are creditors, to the extent permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under section […]
Section 449.1801 – Dissolution of Limited Partnership.
449.1801 Dissolution of limited partnership. Sec. 801. A limited partnership is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following: (1) At the time or upon the happening of events specified in the certificate of limited partnership. (2) Written consent of all partners. (3) An […]
Section 449.1802 – Court-Ordered Dissolution on Application by or for Partner; Grounds; Other Relief; Forwarding Order of Dissolution to Administrator.
449.1802 Court-ordered dissolution on application by or for partner; grounds; other relief; forwarding order of dissolution to administrator. Sec. 802. On application by or for a partner the circuit court of the county in which the office referred to in section 105(a)(1) is located may decree dissolution of a limited partnership when it is established […]
Section 449.1803 – Action by Attorney General for Dissolution; Grounds; Other Actions.
449.1803 Action by attorney general for dissolution; grounds; other actions. Sec. 803. (a) The department of attorney general may bring an action in the circuit court of the county in which the office referred to in section 105(a)(1) is located for dissolution of a limited partnership upon the ground that the limited partnership has committed […]