A limited partnership can not be dissolved by an act of the partners until a statement of dissolution signed by one of them has been delivered to the Registrar of Limited Partnerships.

A limited partnership must be dissolved if there are no general partners, but if the limited partners elect one or more general partners, then its activities may be taken over and continued as provided for in the partnership agreement or a subsequent agreement.

The Court has the power to order the dissolution of a limited partnership if the Court is of the opinion that it is just and equitable that the limited partnership should be dissolved.

In the event of the dissolution of a limited partnership its affairs are wound up by the general partners or, if there are no general partners, in such manner as the Court may direct.