PARTNERSHIP ACT 1963 - SECT 37 Dissolution by expiration or otherwise

PARTNERSHIP ACT 1963 - SECT 37

    (1)     Subject to any agreement between the partners, a partnership is dissolved—

        (a)     where the partnership was entered into for a fixed term—by the expiration of that term; or

        (b)     where the partnership was entered into for a single adventure or undertaking—by the termination of that adventure or undertaking; or

        (c)     where the partnership was entered into for an undefined time—by a partner giving notice to the other or others of the partner's intention to dissolve the partnership.

    (2)     A partnership which is dissolved by a partner giving the notice referred to in subsection (1) (c) is dissolved—

        (a)     as from the date mentioned in the notice as the date of dissolution; or

        (b)     if no date of dissolution is so mentioned—as from the date of the communication of the notice.