California Corporations Code ARTICLE 8 - Winding Up Partnership Business

• Section 16801.
  A partnership is dissolved, and its business shall be wound up, only upon the occurrence of any of the following events:(1) In a partnership at will,...
• Section 16802.
  (a) Subject to subdivision (b), a partnership continues after dissolution only for the purpose of winding up its business. The partnership is terminated when the winding...
• Section 16803.
  (a) After dissolution, a partner who has not dissociated may participate in winding up the partnership’s business, but on application of any partner, partner’s legal representative,...
• Section 16804.
  Subject to Section 16805, a partnership is bound by a partner’s act after dissolution that is either of the following:(1) Appropriate for winding up the partnership...
• Section 16805.
  (a) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership as filed with the...
• Section 16806.
  (a) Except as otherwise provided in subdivision (b) and except for registered limited liability partnerships and foreign limited liability partnerships, after dissolution a partner is liable...
• Section 16807.
  (a) In winding up a partnership’s business, the assets of the partnership, including the contributions of the partners required by this section, shall be applied to...

Last modified: October 22, 2018