WritingLaw (Page 83)

32. Retirement of a partner. (1) A partner may retire,- (a) with the consent of all the other partners, (b) in accordance with an expressRead More →

33. Expulsion of a partner. (1) A partner may not be expelled from a firm by any majority of the partners, save in the exerciseRead More →

34. Insolvency of a partner. (1) Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the dateRead More →

35. Liability of estate of deceased partner. Where under a contract between the partners the firm is not dissolved by the death of a partner,Read More →

36. Right of outgoing partner to carry on competing business. (1) An outgoing partner may carry on a business competing with that of the firmRead More →

37. Right of outgoing partner in certain cases to share subsequent profits. Where any member of a firm has died or otherwise ceased to beRead More →

38. Revocation of continuing guarantee by change in firm. A continuing guarantee given to a firm, or to a third party in respect of theRead More →

CHAPTER VI – DISSOLUTION OF A FIRM 39. Dissolution of a firm. The dissolution of partnership between all the partners of a firm is calledRead More →

40. Dissolution by agreement. A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.Read More →

41. Compulsory dissolution. A firm is dissolved,- (a) omitted by Act 31 of 2016 (b) by the happening of any event which makes it unlawfulRead More →

42. Dissolution on the happening of certain contingencies. Subject to contract between the partners a firm is dissolved,- (a) if constituted for a fixed term,Read More →

43. Dissolution by notice of partnership at will. (1) Where the partnership is at will, the firm may be dissolved by any partner giving noticeRead More →

44. Dissolution by the Court. At the suit of a partner, the Court may dissolve a firm on any of the following grounds, namely- (a)Read More →

45. Liability for acts of partners done after dissolution. (1) Notwithstanding the dissolution of a firm, the partners continue to be liable as such toRead More →

46. Right of partners to have business wound up after dissolution. On the dissolution of a firm every partner or his representative is entitled, asRead More →

47. Continuing authority of partners for purposes of winding up. After the dissolution of a firm the authority of each partner to bind the firm,Read More →