Iowa Statutes
§ 486A.803 — Right to wind up partnership business
Iowa § 486A.803
This text of Iowa § 486A.803 (Right to wind up partnership business) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 486A.803 (2026).
Text
1.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.
2.The legal representative of the last surviving partner may wind up a partnership’s
business.
3.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 partnership pursu
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Nearby Sections
15
§ 486A.1001
Statement of qualification§ 486A.1002
Name§ 486A.101
Definitions§ 486A.102
Knowledge and notice§ 486A.104
Supplemental principles of law§ 486A.106
Governing law§ 486A.1102
Statement of foreign qualification§ 486A.1103
Effect of failure to qualify§ 486A.1105
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Bluebook (online)
Iowa § 486A.803, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/486A.803.