Article 208 — Powers and Duties of Liquidators

1/ The liquidators shall take all steps necessary to complete the winding-up of the partnership. Their powers and duties shall include: a) completion of business already started; b) drawing up an inventory of the assets and liabilities of the partnership; c) collection of the assets of the partnership, selling its property, paying the creditors of the partnership from the assets of the partnership or, where necessary, calling upon the partners for contributions; d) representing the partnership in judicial, administrative, or arbitral proceedings; e) distribution of the assets of the partnership to the partners; f) carrying out other acts necessary for the winding up of the partnership. 2/ The provisions of this Code relating to the liability of managers shall apply to liquidators.