Minnesota § 323A.0803 RIGHT TO WIND UP PARTNERSHIP BUSINESS

Minnesota Statutes

§ 323A.0803 — RIGHT TO WIND UP PARTNERSHIP BUSINESS

Minnesota § 323A.0803

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 323AUNIFORM PARTNERSHIP ACT OF 1994

This text of Minnesota § 323A.0803 (RIGHT TO WIND UP PARTNERSHIP BUSINESS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 323A.0803 (2026).

Text

(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 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 partnership pu

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(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 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 partnership pursuant to section323A.0807, settle disputes by mediation or arbitration, and perform other necessary acts.