(a) After dissolution, a partner who has not dissociated may participate in winding up the partnershipâs business, but on application of any partner, partnerâs legal representative, or transferee, the court, for good cause shown, may order judicial supervision of the winding up. (b) The legal representative of the last surviving partner may wind up a partnershipâs business. (c) A person winding up a partnershipâs business may preserve the partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal, or administrative, settle and close the partnershipâs business, dispose of and transfer the partnershipâs property, discharge the partnershipâs liabilities, distribute the assets of the partnership pursuant to Section 16807, settle disputes by mediation or arbitration, and perform other necessary acts.
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