Maryland Statutes

§ 9A-803

Maryland·Article gca Corporations and Associations·Title 9A
(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 circuit court for the county in which the principal office of the partnership is located, 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 partne

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Nearby Sections

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§ 9A-1001
§ 9A-1001
§ 9A-1002
§ 9A-1002
§ 9A-1003
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§ 9A-1004
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§ 9A-1005
§ 9A-1005
§ 9A-1006
§ 9A-1006
§ 9A-1007
§ 9A-1007
§ 9A-1008
§ 9A-1008
§ 9A-1009
§ 9A-1009
§ 9A-101
§ 9A-101
§ 9A-1010
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§ 9A-1011
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§ 9A-1012
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§ 9A-1013
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§ 9A-1014
§ 9A-1014
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