Section 323A.0805 — Statement Of Dissolution.
323A.0805 STATEMENT OF DISSOLUTION. (a) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business. (b) A filed statement of dissolution cancels a filed statement of partnership authority for the purposes of […]
Section 323A.0806 — Partner’s Liability To Other Partners After Dissolution.
323A.0806 PARTNER’S LIABILITY TO OTHER PARTNERS AFTER DISSOLUTION. (a) Except as otherwise provided in subsection (b) and section 323A.0306, after dissolution a partner is liable to the other partners for the partner’s share of any partnership liability incurred under section 323A.0804. (b) A partner who, with knowledge of the dissolution, incurs a partnership liability under […]
Section 323A.0807 — Settlement Of Accounts And Contributions Among Partners.
323A.0807 SETTLEMENT OF ACCOUNTS AND CONTRIBUTIONS AMONG PARTNERS. (a) In winding up a partnership’s business, the assets of the partnership, including the contributions of the partners required by this section, must be applied to discharge its obligations to creditors, including, to the extent permitted by law, partners who are creditors. Any surplus must be applied […]
Section 323A.0803 — Right To Wind Up Partnership Business.
323A.0803 RIGHT TO WIND UP PARTNERSHIP BUSINESS. (a) After dissolution, a partner who has not wrongfully dissociated may participate in winding up the partnership’s business, but on application of any partner, partner’s legal representative, or transferee, the court, for good cause shown, may order judicial supervision of the winding up. (b) The legal representative of […]
Section 323A.0804 — Partner’s Power To Bind Partnership After Dissolution.
323A.0804 PARTNER’S POWER TO BIND PARTNERSHIP AFTER DISSOLUTION. Subject to section 323A.0805, a partnership is bound by a partner’s act after dissolution that: (1) is appropriate for winding up the partnership business; or (2) would have bound the partnership under section 323A.0301 before dissolution, if the other party to the transaction did not have notice […]
Section 323A.0801 — Events Causing Dissolution And Winding Up Of Partnership Business.
323A.0801 EVENTS CAUSING DISSOLUTION AND WINDING UP OF PARTNERSHIP BUSINESS. A partnership is dissolved, and its business must be wound up, only upon the occurrence of any of the following events: (1) in a partnership at will, the partnership’s having notice from a partner, other than a partner who is dissociated under section 323A.0601(2) to […]
Section 323A.0802 — Partnership Continues After Dissolution.
323A.0802 PARTNERSHIP CONTINUES AFTER DISSOLUTION. (a) Subject to subsection (b), a partnership continues after dissolution only for the purpose of winding up its business. The partnership is terminated when the winding up of its business is completed. (b) At any time after the dissolution of a partnership and before the winding up of its business […]