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, by the expiry of that term;
(b) if constituted to carry out one or more adventures or undertakings, by the completion thereof;
(c) by the death of a partner; and
(d) by the adjudication of a partner as an insolvent.
- Hindu Succession Act, 1956 (Updated Bare Act) - 31st August 2025
- Hindu Minority and Guardianship Act, 1956 (Updated Bare Act) - 31st August 2025
- Section 341 BNS (Bharatiya Nyaya Sanhita) - 31st August 2025
