- The member of an insolvent or dissolving partnership who is responsible for paying the partnership's debts and settling its accounts.
Business law dictionary. 2015.
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liquidating partner — The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership. Category: Business, LLCs & Corporations → Buying or Selling a Business Category: Business, LLCs & Corporations →… … Law dictionary
liquidating partner — A partner who accomplishes or participates in the liquidation of the firm. Garretson v Brown, 185 Pa 447, 452, 40 A 293. Under the provisions of the Uniform Partnership Act, unless otherwise agreed, the partners who have not wrongfully dissolved… … Ballentine's law dictionary
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