56a-803. 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 district 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 K.S.A. 56a-807, settle disputes by mediation or arbitration, and perform other necessary acts.
History: L. 1998, ch. 93, ยง 40; Jan. 1, 1999.
Structure Kansas Statutes
Chapter 56a - Kansas Uniform Partnership Act
Article 8 - Winding Up Partnership Business
56a-801 Events causing dissolution and winding up of partnership business.
56a-802 Partnership continues after dissolution.
56a-803 Right to wind up partnership business.
56a-804 Partner's power to bind partnership after dissolution.
56a-805 Statement of dissolution.
56a-806 Partner's liability to other partners after dissolution.
56a-807 Settlement of accounts and contributions among partners.