Dissolution and liquidation

(1) The right of ordinary termination does not exist for the closed-ended investment limited partnership.
(2) A partner of the closed-ended investment limited partnership may give extraordinary notice of termination and withdraw from the partnership before the expiry of the time fixed for its duration, where good cause exists. Section 132(2), second sentence, and (6), of the Commercial Code applies correspondingly.
(3) Where a closed-ended retail investment limited partnership is wound up, the liquidator must prepare a winding-up report annually and as at the day on which the winding-up is completed, meeting the requirements under section 158. Section 159 applies correspondingly to the audit of the winding-up report. Sections 159a and 160 apply correspondingly. The obligation to prepare a balance sheet as at the completion of the liquidation under section 148(4), first sentence, of the Commercial Code remains unaffected.
(4) After completion of the liquidation, the limited partners are not liable for the liabilities of the closed-ended investment limited partnership.