Which of the Following Statements Is False Concerning Partnership Liquidating

Which of the following statements is false concerning partnership liquidating distributions?

A) A partner who receives a liquidating distribution can retain an interest in the partnership.
B) A partnership agreement may restrict the sale of a partnership making a liquidating distribution the only way a partner can close out his interest in the partnership.
C) Liquidating a single partner's interest is similar in concept to a corporate redemption of a shareholder's interest.
D) None of these statements is falsE.In contrast to operating distributions in which the partners retain a continuing interest in the partnership, liquidating distributions terminate a partner's interest in the partnership.See discussion on liquidating distributions in text.