California Corporations Code

§ 15908.03

CORP § 15908.03 Effective Jan 1, 2007Title 2 · Ch. 4.5 · Art. 8

Statute text

(a)A limited partnership continues after dissolution only for the purpose of winding up its activities.

(b)In winding up its activities, the limited partnership:

(1)may amend its certificate of limited partnership to state that the limited partnership is dissolved, preserve the limited partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal, or administrative, transfer the limited partnership’s property, settle disputes by mediation or arbitration, file a certificate of cancellation as provided in Section 15902.03, and perform other necessary acts; and

…

Legislative history

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.