Connecticut Statutes
§ 34-374 — Right to wind up partnership business.
Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 614 Uniform Partnership Act. Limited Liability Partnerships
(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 Superior Court, for good cause shown, may order judicial supervision of the winding up.
(b)The legal representative of the last surviving partner may wind up a partnership's business.
(c)A person winding up a partnership's business may preserve the partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal or administrative, settle and close the partnership's business, dispose of and transfer the partnership's property, discharge the partnership's liabilities, distribute the assets of the partner
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Connecticut § 34-374 (Right to wind up partnership business.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 95-341, S. 41, 58.) History: P.A. 95-341 effective July 1, 1997.
Nearby Sections
15
§ 34-10a
Execution of certificates.§ 34-10b
Filing requirements.§ 34-10c
Notice.§ 34-13
Name.§ 34-13a
Reservation of name.§ 34-13c
Records to be kept.§ 34-13e
Annual report.