Liquidating partner
Definition
The member in a liquidating partnership responsible for selling and distributing assets and settling debts on behalf of the partnership.
See also
Definition from Nolo’s Plain-English Law Dictionary
The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:19 pm
