MLchartDataset catalogue

Liquidating partner

Term · Law · MLC-T-LAW-003072

A partner in a business who is responsible for overseeing the process of winding up the partnership's affairs, selling its assets, paying its debts, and distributing any remaining proceeds. This role is typically assumed when a partnership is dissolved. The liquidating partner has specific fiduciary duties to the other partners and creditors.

Table 1. Record
IdentifierMLC-T-LAW-003072
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003072",
  "term": "Liquidating partner",
  "field": "Law",
  "definition": "A partner in a business who is responsible for overseeing the process of winding up the partnership's affairs, selling its assets, paying its debts, and distributing any remaining proceeds. This role is typically assumed when a partnership is dissolved. The liquidating partner has specific fiduciary duties to the other partners and creditors.",
  "url": "https://mlchart.com/terminology/law/liquidating-partner/"
}

Record 3,030 of 5,445 in Law terminology (MLC-0107). Request the full dataset.