Division Three: Commercial Enterprises and the Cooperative
Title Twenty-Four: The General Partnership
Section Five: Liquidation
< Art. 584 C. Representation of heirs
> Art. 586 E. Provisional distribution
Art. 585
D. Rights and obligations of the liquidators
1 The liquidators wind up the dissolved partnership’s current business, discharge its obligations, call in all debts receivable and realise its assets as required for the division thereof.
2 They represent the partnership in all transactions carried out for liquidation purposes, are entitled to conduct legal proceedings, reach settlements, conclude arbitration agreements and even, where required for liquidation purposes, effect new transactions.
3 Where a partner objects to a decision by the liquidators to sell partnership assets at an overall sale price or to their refusal of such a sale or to the manner in which they intend to dispose of immovable property, at his request the court will decide the matter.
4 The partnership is liable for any loss or damage resulting from torts committed by a liquidator in the exercise of his function.
English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.