Examlex
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Partnership's Liabilities
The financial obligations or debts that a partnership entity is responsible for.
RULPA
An acronym for the Revised Uniform Limited Partnership Act, which governs the operation of limited partnerships in the United States.
Dissolution
The process of legally dissolving a corporation or formal organization, leading to the cessation of its operations and the distribution of its assets.
Liquidated
The process of converting assets into cash, often during the closure of a business, or to settle debts.
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