PARTNERSHIP ACT 1892 - SECT 33 Dissolution by bankruptcy, death, or change

PARTNERSHIP ACT 1892 - SECT 33

33 Dissolution by bankruptcy, death, or change

(1) Subject to any agreement between the partners, every partnership is dissolved as regards all the partners by the death or bankruptcy of any partner.

(2) A partnership may, at the option of the other partners, be dissolved if any partner suffers the partner's share of the partnership property to be charged under this Act for the partner's separate debt.