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Section 46 – The Partnership Act, 1932

The Partnership Act, 1932

 

46. RIGHT OF PARTNERS TO HAVE BUSINESS WOUND UP AFTER DISSOLUTION.

 

On the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the property of the firm applied in payment of the debts and liabilities of the firm, and to have the surplus distributed among the partners or which representatives according to their rights.

 

 

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The Partnership Act, 1932

 

Indian Laws – Bare Acts

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