§425-140  Right to wind up partnershipbusiness.  (a)  After dissolution, a partner who has not wrongfullydissociated may participate in winding up the partnership's business, but onapplication of any partner, partner's legal representative, or transferee, acourt of competent jurisdiction for good cause shown, may order judicialsupervision of the winding up.

(b)  The legal representative of the lastsurviving partner may wind up a partnership's business.

(c)  A person winding up a partnership's businessmay preserve the partnership business or property as a going concern for areasonable 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'sliabilities, distribute the assets of the partnership pursuant to section425-144, settle disputes by mediation or arbitration, and perform othernecessary acts. [L 1999, c 284, pt of §1]