If a terminating event happens to a limited partnership, the partnership can choose a liquidator. This happens when the partners agree to it. You can find out what a terminating event is by looking at section 86. If the partners choose a liquidator, it does not stop someone from asking to deregister the partnership under section 98. You can still ask to deregister the partnership even if a liquidator is chosen.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
This page was last updated on
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139252.
The limited partnership may, by a resolution of the limited partnership, appoint a liquidator to the limited partnership if a terminating event has occurred under section 86.
Nothing in subsection (1) affects the right of a person to apply for deregistration under section 98.
