In re LeFever Mattson – Ramifications of a General Partner Becoming a Debtor in Bankruptcy
By Mickey Maher August 19, 2026 California Corporations Code Sections 15906.03(f)(1) and 15906.05(a)(1) provide that when the general partner of a limited partnership becomes a debtor in bankruptcy, the general partner is automatically dissociated from the limited partnership, and the rights of the general partner to manage the limited partnership