Article 34 - Winding up by Partners
(1) if a Partnership breaks up, it may be wound up under this Article by one or
more of the Partners .
(2) Subsection (3) applies if, after the break up, there are two or more Partners .
(3) The Partnership Business may be carried on:
(A) if the Partners agree that it should be carried on; and
(B) so far as is necessary for the beneficial winding up of the Partnership .
(4) Otherwise, the authority of a Partner to bind the Partnership continues so far
as is necessary to:
(A) wind up the Partnership ; and
(B) complete any transactions begun but unfinished at the time of the break
up.
(5) It is a Default Rule that differences about other matters connected with the
winding up of the Partnership under this Article may be decided by a majority
of the Partners .
(6) An agreement under subsection (3) may confer authority on one or more of the
Partners for the purpose of carrying on the Partnership Business in
accordance with that subsection.