(a) After dissolution, a
partner who has not dissociated may participate in winding up the
partnership's business, but on application of any partner, partner's legal
representative, or transferee, the 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 section 53-3-807, Idaho
Code, settle disputes by mediation or arbitration, and perform other necessary
acts. |
