Liquidating Partner Law and Legal Definition
A liquidating partner is a partner who is appointed to settle the accounts, collect the assets, adjust the claims and pay the debts of a dissolving or insolvent firm. A liquidating partner will be responsible for selling and distributing assets and settling debts in a partnership that is in the process of liquidation.
Legal Definition list
Related Legal Terms
- Adult Interdependent Partner
- Aggregate Theory of Partnership
- Articles of Partnership
- Arts Education Partnership
- Business Partner Network (BPN)
- Center for Faith Based and Neighborhood Partnerships [HUD]
- Center for Faith-Based and Neighborhood Partnerships [HUD]
- Civil Partnership
- Community Partnership
- Copartner
