§425-140  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, a
court of competent jurisdiction 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
425-144, settle disputes by mediation or arbitration, and perform other
necessary acts. [L 1999, c 284, pt of §1]