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Nature's Power L

Question 65

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Nature's Power L.P. is a limited partnership dedicated to the research and development of renewable sources of energy. Nature's Power has $100,000 in declared but unpaid profits. Its creditors include Omni Credit Corporation for $5,000 and Pinto, one of Nature's Power's limited partners, also for $5,000. When Quint, one of Nature's Power's general partners, decides to retire, the other general partners vote to liquidate and dissolve the firm. The limited partners, who are not asked their opinions, want Nature's Power to continue in business and file a suit against the general partners to compel this result. Can the court order the firm to continue? If not, what is the priority of the distribution of its assets on dissolution?

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A court cannot order a partnership to co...

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