Vermont § 3273 - Right to wind up partnership business
Full text of Vermont Vermont Statutes Online § 3273 — Right to wind up partnership business, with citation guidance and answers to common questions.
§ 3273. Right to wind up partnership business
- (a) After dissolution, a partner who has not wrongfully dissociated may participate in
winding up the partnership’s business, but on application of any partner, partner’s
legal representative, or transferee, the Superior Court, for good cause shown, may
order judicial supervision of the winding up. Venue for such a proceeding lies in
the county where the partnership’s principal office is or was located. (b) The legal representative of the last surviving partner may wind up a partnership’s
business. (c) A person winding up a partnership’s business may preserve the partnership business
or property as a going concern for a reasonable time, prosecute and defend actions
and proceedings, whether civil, criminal, or administrative, settle and close the
partnership’s business, dispose of and transfer the partnership’s property, discharge
the partnership’s liabilities, distribute the assets of the partnership pursuant to
section 3277 of this title, settle disputes by mediation or arbitration, and perform other necessary acts. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3273
What does Vermont Statutes Online § 3273 cover?
Section 3273 ("Right to wind up partnership business") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 3273?
A common citation format is "Vermont Statutes Online § 3273" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3273 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.