Volume 1, Draft Civil Code - Digital exhibitions & collections - McGill ...

460 OBLIGATIONS
that the partnership has terminated binds the partnership and
the other partners, as if the partnership subsisted.
775 Termination of a partnership does not affect the rights
of any third party in good faith who subsequently deals with
one of the partners or mandataries acting on behalf of the
partnership.
776 After the debts are paid, the assets of the partnership are
divided among the partners according to their shares.
777 In the absence of agreement between the interested
parties, a partnership is liquidated in accordance with the
Winding-up Act, unless there is inconsistency, subject to the
partners'subsidiary liability.
Section II
Limited partnerships
778 The preceding section applies to limited partnerships,
subject to this section.
779 A limited partnership consists of one or more general
partners with the powers, rights and obligations of ordinary
partners, and one or more special partners whose rights and
obligations are defined below.
780 The name of any limited partnership must include the
words' w limited partnership * \
When the name of the partnership includes no mention
of these words, the partnership is deemed an ordinary
partnership in all respects.
781 When an act of the partnership does not include the
words "limited partnership'', the partnership is deemed an
ordinary partnership in all respects with regard to everything
related to that act.