Deemed Contribution and Distribution. Notwithstanding any other provision of this Article 13, in the event that the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), but no Liquidating Event has occurred, the Partnership's property shall not be liquidated, the Partnership's liabilities shall not be paid or discharged and the Partnership's affairs shall not be wound up.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Cornerstone Realty Income Trust Inc), Limited Partnership Agreement (Cornerstone Realty Income Trust Inc)