Common use of Dissolution and Liquidation Clause in Contracts

Dissolution and Liquidation. 41 14.1 Dissolution............................................................................................ 41 14.2 Continuation of Business of Partnership after Dissolution.................. 41 14.3 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 Cancellation of Certificate of Limited Partnership............................... 43

Dissolution and Liquidation. 41 14.1 56 Section 12.1 Dissolution............................................................................................ 41 14.2 .......................................................................... 56 Section 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 .................... 57 Section 12.3 Liquidator........................................................................... 57 Section 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 .......................................................................... 58 Section 12.5 Cancellation of Certificate of Limited Partnership............................... 43................................... 59 Section 12.6 Return of Contributions.............................................................. 59

Dissolution and Liquidation. 41 14.1 48 SECTION 12.1 Dissolution............................................................................................ 41 14.2 ......................................................................48 SECTION 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ................49 SECTION 12.3 Liquidator.......................................................................50 SECTION 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ......................................................................50 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 43...............................51 SECTION 12.6 Return of Contributions..........................................................51

Dissolution and Liquidation. 41 14.1 43 Section 12.1 Dissolution............................................................................................ 41 14.2 .......................................................................... 43 Section 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 .................... 44 Section 12.3 Liquidator........................................................................... 45 Section 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 .......................................................................... 45 Section 12.5 Cancellation of Certificate of Limited Partnership............................... 43................................... 46 Section 12.6 Return of Contributions.............................................................. 46

Dissolution and Liquidation. 41 14.1 90 SECTION 12.1 Dissolution............................................................................................ 41 14.2 ...................................................................... 90 SECTION 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ................ 91 SECTION 12.3 Liquidator....................................................................... 92 SECTION 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ...................................................................... 92 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 4393

Dissolution and Liquidation. 41 14.1 Dissolution............................................................................................ 41 14.2 72 SECTION 12.1 Dissolution ...................................................................................... 72 SECTION 12.2 Continuation of the Business of the Partnership after Dissolution.................. 41 14.3 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 After Dissolution ................................ 73 SECTION 12.3 Liquidator ....................................................................................... 73 SECTION 12.4 Liquidation ...................................................................................... 74 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 43Partnership ............................................... 75 SECTION 12.6 Return of Contributions .......................................................................... 75

Dissolution and Liquidation. 41 64 14.1 Dissolution............................................................................................ 41 ..................................................................................64 14.2 Continuation of the Business of the Partnership after Dissolution.................. 41 ............................65 14.3 Liquidation............................................................................................ 42 ..................................................................................65 14.4 Distribution Distributions in Kind.............................................................................. 43 ........................................................................66 14.5 Cancellation of Certificate of Limited Partnership............................... 43...........................................67 14.6 Reasonable Time for Winding Up...............................................................67 14.7 Return of Capital............................................................................67 14.8 No Capital Account Restoration...............................................................67 14.9

Dissolution and Liquidation. 41 14.1 43 13.1 Dissolution............................................................................................ 41 14.2 ....................................................... 43 13.2 Continuation of the Business of the Partnership after Dissolution.................. 41 14.3 ....................................................... 44 13.3 Liquidation............................................................................................ 42 14.4 Distribution in ....................................................... 44 13.4 Distributions In Kind.............................................................................. 43 14.5 ............................................. 45 13.5 Cancellation of Certificate of Limited Partnership............................... 43................ 46 13.6 Reasonable Time for Winding Up.................................... 46 13.7 Return of Capital................................................. 46 13.8

Dissolution and Liquidation. 41 14.1 Section 12.1 Dissolution............................................................................................ 41 14.2 .............................................................................. 79 Section 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ........................ 79 Section 12.3 Liquidator............................................................................... 80 Section 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 81 Section 12.5 Cancellation of Certificate of Limited Partnership............................... 43....................................... 81 Section 12.6 Return of Contributions.................................................................. 82 Section 12.7

Dissolution and Liquidation. 41 14.1 44 Section 12.1. Dissolution............................................................................................ 41 14.2 ................................................................................... 44 Section 12.2. Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ............................. 45 Section 12.3. Liquidator.................................................................................... 46 Section 12.4. Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ................................................................................... 46 Section 12.5. Cancellation of Certificate of Limited Partnership............................... 43............................................ 47 Section 12.6. Return of Contributions....................................................................... 47 Section 12.7.

Dissolution and Liquidation. 41 14.1 51 15.1 Dissolution............................................................................................ 41 14.2 .................................................51 15.2 Continuation of the Business of Partnership after Dissolution.................. 41 14.3 the Partnership.............51 15.3 Liquidation............................................................................................ 42 14.4 .................................................52 15.4 Distribution in Kind.............................................................................. 43 14.5 ........................................52 15.5 Cancellation of Certificate of Limited Partnership............................... 43..........53 15.6 Reasonable Time for Winding Up..............................53 15.7

Dissolution and Liquidation. 41 40 14.1 Dissolution............................................................................................ 41 ............................................................. 40 14.2 Continuation of the Business of the Partnership after After Dissolution.................. ....... 41 14.3 Liquidator.............................................................. 41 14.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 ............................................................. 41 14.5 Cancellation of Certificate of Limited Partnership............................... 43...................... 42 14.6 Return of Contributions................................................. 42 14.7

Dissolution and Liquidation. 41 14.1 40 SECTION 13.1 Dissolution............................................................................................ 41 14.2 .............................................40 SECTION 13.2 Continuation of the Business of the Partnership after Dissolution.................. ...........................41 14.3 SECTION 13.3 Liquidation............................................................................................ 42 14.4 Distribution .............................................41 SECTION 13.4 Distributions in Kind.............................................................................. 43 14.5 ...................................42 SECTION 13.5 Cancellation of Certificate of Limited Partnership............................... ......43

Dissolution and Liquidation. 41 14.1 72 SECTION 12.1 Dissolution............................................................................................ 41 14.2 ............................................................... 72 SECTION 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ......... 73 SECTION 12.3 Liquidator................................................................ 74 SECTION 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ............................................................... 74 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 43........................ 75 SECTION 12.6 Return of Contributions................................................... 75

Dissolution and Liquidation. 41 .............................36 14.1 Dissolution............................................................................................ 41 ................................................36 14.2 Continuation of the Business of the Partnership after Dissolution.................. 41 ..............................................36 14.3 Liquidation............................................................................................ 42 ................................................36 14.4 Distribution Distributions in Kind.............................................................................. 43 ......................................37 14.5 Cancellation of Certificate of Limited Partnership............................... 43.........37 14.6 Reasonable Time for Winding Up.............................37 14.7 Return of Capital..........................................38 14.8 No Capital Account Restoration Obligation..................38 14.9 Waiver of Partition........................................38

Dissolution and Liquidation. 41 14.1 51 SECTION 12.1 Dissolution............................................................................................ 41 14.2 ..............................................................................51 SECTION 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ........................52 SECTION 12.3 Liquidator...............................................................................53 SECTION 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ..............................................................................53 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 43.......................................54 SECTION 12.6

Dissolution and Liquidation. 41 14.1 51 15.1 Dissolution............................................................................................ 41 14.2 .......................................................................................51 15.2 Continuation of the Business of Partnership after Dissolution.................. 41 14.3 the Partnership...................................................51 15.3 Liquidation............................................................................................ 42 14.4 .......................................................................................52 15.4 Distribution in Kind.............................................................................. 43 14.5 ..............................................................................52 15.5 Cancellation of Certificate of Limited Partnership............................... 43................................................53 15.6 Reasonable Time for Winding Up....................................................................53 15.7

Dissolution and Liquidation. 41 14.1 Section 12.1. Dissolution............................................................................................ 41 14.2 ............................................................................ 83 Section 12.2. Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ...................... 84 Section 12.3. Liquidator............................................................................. 84 Section 12.4. Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ............................................................................ 85 Section 12.5. Cancellation of Certificate of Limited Partnership............................... 43..................................... 86 Section 12.6. Return of Contributions................................................................ 86 Section 12.7.

Dissolution and Liquidation. 41 14.1 54 SECTION 12.1 Dissolution............................................................................................ 41 14.2 ..............................................................................54 SECTION 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ........................55 SECTION 12.3 Liquidator...............................................................................56 SECTION 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ..............................................................................56 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 43.......................................57 SECTION 12.6 Return of Contributions..................................................................57 SECTION 12.7

Dissolution and Liquidation. 41 14.1 40 13.1 Dissolution............................................................................................ 41 14.2 ................................................................................... 40 13.2 Continuation of the Business of the Partnership after Dissolution.................. ............................. 41 14.3 13.3 Liquidation............................................................................................ 42 14.4 Distribution ................................................................................... 41 13.4 Distributions in Kind.............................................................................. 43 14.5 ......................................................................... 42 13.5 Cancellation of Certificate of Limited Partnership............................... ............................................ 43

Dissolution and Liquidation. 41 14.1 Section 12.1. Dissolution............................................................................................ ..............................................................41 14.2 Section 12.2. Continuation of the Business of the Partnership after After Dissolution.................. ........41 14.3 Section 12.3. Liquidator...............................................................42 Section 12.4. Liquidation............................................................................................ ..............................................................42 14.4 Distribution in Kind.............................................................................. 43 14.5 Section 12.5. Cancellation of Certificate of Limited Partnership............................... 43.......................43 Section 12.6. Return of Contributions..................................................43 Section 12.7.

Dissolution and Liquidation. 41 14.1 12.1 Dissolution............................................................................................ 41 14.2 ..................................................... 57 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ................................................... 57 12.3 Liquidator...................................................... 58 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ..................................................... 58 12.5 Cancellation of Certificate of Limited Partnership............................... 43.............. 59 12.6

Dissolution and Liquidation. 41 40 SECTION 14.1 Dissolution............................................................................................ 41 .........................................40 SECTION 14.2 Continuation of the Business of the Partnership after Dissolution.................. .........................................41 SECTION 14.3 Liquidation............................................................................................ 42 .........................................41 SECTION 14.4 Distribution Distributions in Kind.............................................................................. 43 ...............................42 SECTION 14.5 Cancellation of Certificate of Limited Partnership............................... ..43

Dissolution and Liquidation. 41 14.1 Dissolution............................................................................................ 41 .............................................................................................69 14.2 Continuation of the Business of the Partnership after Dissolution.................. 41 .......................................70 14.3 Liquidation............................................................................................ 42 .............................................................................................70 14.4 Distribution Distributions in Kind.............................................................................. 43 ...................................................................................71 14.5 Cancellation of Certificate of Limited Partnership............................... 43......................................................72 14.6 Reasonable Time for Winding Up..........................................................................72 14.7 Return of Capital.......................................................................................72 14.8 Capital Account Restoration.............................................................................72 14.9

Dissolution and Liquidation. 41 14.1 12.1 Dissolution............................................................................................ 41 14.2 .............................................................................................49 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 .......................................50 12.3 Liquidator..............................................................................................50 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 .............................................................................................51 12.5 Cancellation of Certificate of Limited Partnership............................... 43......................................................51 12.6 Return of Contributions.................................................................................52 12.7

Dissolution and Liquidation. 41 14.1 86 Section 12.1 Dissolution............................................................................................ 41 14.2 .................................................86 Section 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ...........................................86 Section 12.3 Liquidator..................................................87 Section 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 .................................................87 Section 12.5 Cancellation of Certificate of Limited Partnership............................... 43..........88 Section 12.6 Return of Contributions.....................................88 Section 12.7

Dissolution and Liquidation. 41 14.1 Section 12.1 Dissolution............................................................................................ 41 14.2 ....................................................................................80 Section 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ..............................80 Section 12.3 Liquidator.....................................................................................81 Section 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ....................................................................................81 Section 12.5 Cancellation of Certificate of Limited Partnership............................... 43.............................................82 Section 12.6

Dissolution and Liquidation. 41 14.1 95 Section 12.1 Dissolution............................................................................................ 41 14.2 ........................................................................................95 Section 12.2 Continuation of the Business of the Partnership after Dissolution.................. 41 14.3 After Dissolution ..95 Section 12.3 Liquidator..........................................................................................96 Section 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 Cancellation of Certificate of Limited Partnership............................... 43........................................................................................96

Dissolution and Liquidation. 41 14.1 52 SECTION 12.1 Dissolution............................................................................................ 41 14.2 ..............................................................................52 SECTION 12.2 Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ........................53 SECTION 12.3 Liquidator...............................................................................54 SECTION 12.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ..............................................................................55 SECTION 12.5 Cancellation of Certificate of Limited Partnership............................... 43.......................................55 SECTION 12.6 Return of Contributions..................................................................56 SECTION 12.7

Dissolution and Liquidation. 41 14.1 32 13.1 Dissolution............................................................................................ 41 14.2 ................................................ 32 13.2 Continuation of the Business of the Partnership after Dissolution.................. 41 14.3 After Dissolution 32 13.3 Liquidator................................................. 33 13.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ................................................ 34 13.5 Cancellation of Certificate of Limited Partnership............................... 43......... 34 13.6

Dissolution and Liquidation. 41 40 14.1 Dissolution............................................................................................ 41 ........................................................ 40 14.2 Continuation of the Business of the Partnership after After Dissolution.................. .. 41 14.3 Liquidator......................................................... 41 14.4 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 ........................................................ 41 14.5 Cancellation of Certificate of Limited Partnership............................... 43................. 42 14.6 Return of Contributions............................................ 42 14.7

Dissolution and Liquidation. 41 14.1 40 13.1 Dissolution............................................................................................ 41 14.2 ..................................................................... 40 13.2 Continuation of the Business of the Partnership after Dissolution.................. ............... 41 14.3 13.3 Liquidation............................................................................................ ..................................................................... 42 14.4 Distribution 13.4 Distributions in Kind.............................................................................. 43 14.5 ........................................................... 42 13.5 Cancellation of Certificate of Limited Partnership............................... 43.............................. 43 13.6 Reasonable Time for Winding Up.................................................. 43 13.7

Dissolution and Liquidation. 41 14.1 Section 12.1. Dissolution............................................................................................ 41 14.2 ..................................................................78 Section 12.2. Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ............78 Section 12.3. Liquidator...................................................................79 Section 12.4. Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ..................................................................80 Section 12.5. Cancellation of Certificate of Limited Partnership............................... 43...........................81 Section 12.6. Return of Contributions......................................................81 Section 12.7.

Dissolution and Liquidation. 41 64 14.1 Dissolution............................................................................................ 41 ..................................................................................64 14.2 Continuation of the Business of the Partnership after Dissolution.................. 41 ............................64 14.3 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 Cancellation of Certificate of Limited Partnership............................... 43..................................................................................65 -v- 7

Dissolution and Liquidation. 41 14.1 Section 12.1. Dissolution............................................................................................ 41 14.2 ........................................................................... 50 Section 12.2. Continuation of the Business of the Partnership after After Dissolution.................. 41 14.3 ..................... 50 Section 12.3. Liquidator............................................................................ 51 Section 12.4. Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. 43 14.5 ........................................................................... 52 Section 12.5. Cancellation of Certificate of Limited Partnership............................... 43.................................... 52 Section 12.6. Return of Contributions............................................................... 53 Section 12.7.

Dissolution and Liquidation. 41 14.1 Dissolution............................................................................................ 41 .........................................................................72 14.2 Continuation of the Business of the Partnership after Dissolution.................. 41 ...................72 14.3 Liquidation............................................................................................ 42 .........................................................................73 14.4 Distribution Distributions in Kind.............................................................................. 43 ...............................................................74 14.5 Cancellation of Certificate of Limited Partnership............................... 43..................................74 14.6 Reasonable Time for Winding Up......................................................75 14.7 Return of Capital...................................................................75 14.8 Capital Account Restoration.........................................................75 14.9

Dissolution and Liquidation. 41 14.1 Dissolution............................................................................................ 41 14.2 12.1 Dissolution .................................................................... 42 12.2 Continuation of the Business of the Partnership after Dissolution.................. 41 14.3 Liquidation............................................................................................ 42 14.4 Distribution in Kind.............................................................................. After Dissolution .............. 43 14.5 12.3 Liquidator ..................................................................... 44 12.4 Liquidation .................................................................... 44 12.5 Cancellation of Certificate of Limited Partnership............................... 43Partnership ............................. 45 12.6

Dissolution and Liquidation. 41 .................................................................35 14.1 Dissolution............................................................................................ 41 ....................................................................................35 14.2 Continuation of the Business of the Partnership after Dissolution.................. 41 ..............................35 14.3 Liquidation............................................................................................ 42 ....................................................................................36 14.4 Distribution Distributions in Kind.............................................................................. 43 ..........................................................................37 14.5 Cancellation of Certificate of Limited Partnership............................... 43.............................................37 14.6 Reasonable Time for Winding Up.................................................................37 14.7 Return of Capital..............................................................................37 14.8 No Capital Account Restoration Obligation......................................................37 14.9 Waiver of Partition............................................................................37