29-1073. Right to wind up partnership
business
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 superior 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 section
29-1077, settle disputes by mediation, arbitration or otherwise and perform other
necessary acts.
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