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 → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • 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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