2005 Minnesota Statutes - 322A.65 — Winding up.

     322A.65 Winding up. 


    (a) Except as provided in the partnership agreement, the 
 general partners who have not wrongfully dissolved a limited 
 partnership or, if none, the limited partners, may wind up the 
 limited partnership's affairs; but the district court may wind 
 up the limited partnership's affairs upon application of any 
 partner, a legal representative, or assignee. 


    (b) Where a limited partnership has by its own terms 
 terminated, or it has been dissolved or otherwise terminated, 
 the general partners or any general partner last acting in that 
 capacity has authority, without court approval, to execute 
 necessary or appropriate instruments of conveyance of real 
 estate and mortgage satisfactions. 


    HIST: 1980 c 582 art 5 s 46; 1986 c 430 s 23; 1986 c 444