Subject to subsection (b), a partnership continues after dissolution only for the purpose of winding up its business. The partnership is terminated when the winding up of its business is completed.
At any time after the dissolution of a partnership and before the winding up of its business is completed, all of the partners, including any dissociating partner other than a wrongfully dissociating partner, may waive the right to have the partnership's business wound up and the partnership terminated. In that event:
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 13 - Uniform Partnership Act (1997)
Article 8 - Winding Up Partnership Business
§ 79-13-801. Events causing dissolution and winding up of partnership business
§ 79-13-802. Partnership continues after dissolution
§ 79-13-803. Right to wind up partnership business
§ 79-13-804. Partner's power to bind partnership after dissolution
§ 79-13-805. Statement of dissolution
§ 79-13-806. Partner's liability to other partners after dissolution
§ 79-13-807. Settlement of accounts and contributions among partners