8573 - Winding up. - Pennsylvania Statutes

§ 8573. Winding up. Except as otherwise provided in the partnership agreement, the general partners who have not wrongfully dissolved a limited partnership or, if none, the limited partners, or a person approved by the limited partners or, if there is more than one class or group of limited partners, by each class or group of limited partners, in either case by a majority in interest of the limited partners in each class or group, may wind up the affairs of the limited partnership, but the court may wind up the affairs of the limited partnership upon application of any partner, his legal representative or assignee, and in connection therewith, may appoint a liquidating trustee. See section 139(b) (relating to tax clearance in judicial proceedings). (June 22, 2001, P.L.418, No.34, eff. 60 days)