A limited partnership is not dissolved by the bankruptcy or death of an individual limited partner1, or by the insolvency of a corporate limited partner2. The limited partner's capital vests in his trustee in bankruptcy, his personal representative or the liquidator, as the case may be, who has, apparently, rights similar to those of an assignee of a share in an ordinary partnership
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234