Maine § 31 §1393 Winding up

Maine Statutes

§ 31 §1393 — Winding up

Maine·Title 31 PARTNERSHIPS AND ASSOCIATIONS·Ch. 19 UNIFORM LIMITED PARTNERSHIP ACT

1.Purpose after dissolution. A limited partnership continues after dissolution only for the purpose of winding up its activities.

2.Winding up limited partnership. In winding up its activities, the limited partnership:

3.Appointment to wind up activities. If a dissolved limited partnership does not have a general partner, a person to wind up the dissolved limited partnership's activities may be appointed by the consent of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective. A person appointed under this subsection:

4.Judicial supervision. On the application of any partner, the Superior Court may order judicial supervision of the winding up, including the appointment of a person to wind up the dissolved

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1.
Purpose after dissolution.
A limited partnership continues after dissolution only for the purpose of winding up its activities.
2.
Winding up limited partnership.
In winding up its activities, the limited partnership:
3.
Appointment to wind up activities.
If a dissolved limited partnership does not have a general partner, a person to wind up the dissolved limited partnership's activities may be appointed by the consent of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective. A person appointed under this subsection:
4.
Judicial supervision.
On the application of any partner, the Superior Court may order judicial supervision of the winding up, including the appointment of a person to wind up the dissolved limited partnership's activities, if:

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