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Limited Partnership

Subject to contrary agreement between the partners, the death or bankruptcy of a general partner will dissolve a limited partnership.

A partnership may also be dissolved by notice of a limited partner's intention to dissolve the partnership, provided that the partnership has agreed that such notice may be given by a limited partner. A partnership may also be dissolved by order of the court.

Notice that a limited partnership has ceased/terminated must be filed on a form LP2. The form must be signed by the general partner.

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