Upon dissolution, a limited partnership's affairs must be wound up by partners who have acted wrongfully in actions that resulted in the dissolution.

Question

Quizplus · Accepted Answer

The statement is incorrect. Upon dissolution, the winding up of a limited partnership's affairs is typically carried out by one or more general partners, unless the partnership agreement specifies otherwise. It is not necessary that the partners who caused the dissolution wind up the affairs of the partnership.

Upon Dissolution, a Limited Partnership's Affairs Must Be Wound Up