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Limited Partnerships Act 2008

General - Terminating events, liquidation, and deregistration

93: Power of liquidator to enforce liabilities

You could also call this:

"The liquidator can make you pay debts you owe when a limited partnership is closing down."

Illustration for Limited Partnerships Act 2008

When a limited partnership is being liquidated, you might be liable to pay or contribute to certain amounts. This could be a debt or liability of the limited partnership, a sum to adjust the rights of partners among themselves, or the costs and expenses of the liquidation. The liquidator can ask you in writing to pay or contribute the amount you owe.

If the liquidator asks you to pay, you are liable to pay the amount due. The liquidator has the power to enforce this. You can find similar information in s 17D.

The liquidator's notice to you will state the amount you need to pay or contribute. You must pay or contribute this amount as the liquidator has the authority to require you to do so.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139257.

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Part 2General
Terminating events, liquidation, and deregistration

93Power of liquidator to enforce liabilities

  1. This section applies to any person who is liable to pay or contribute to the payment of—

  2. any debt or liability of the limited partnership; or
    1. any sum for the adjustment of the rights of partners of the limited partnership among themselves; or
      1. the costs and expenses of the liquidation.

        1. The liquidator may, by notice in writing, require a person to whom this section applies to pay or contribute the amount due from that person, and that person is liable to pay or contribute accordingly.

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