620.8803 Right to wind up partnership business.—
(1) After dissolution, a partner who has not wrongfully dissociated may participate in winding up the partnership’s business, but, upon application of any partner, partner’s legal representative, or transferee, the circuit 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 pursuant to s. 620.8807, settle disputes by mediation or arbitration, and perform any other necessary acts.
History.—s. 13, ch. 95-242.
Section: Previous 620.8701 620.8702 620.8703 620.8704 620.8705 620.8801 620.8802 620.8803 620.8804 620.8805 620.8806 620.8807 620.8911 620.8912 620.8913 NextLast modified: September 23, 2016