PARTNERSHIP ACT 1891 - SECT 35 Dissolution by expiration or notice

PARTNERSHIP ACT 1891 - SECT 35

35 Dissolution by expiration or notice

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

(a) if entered into for a fixed term—by the expiration of that term;

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

(c) if entered into for an undefined time—by any partner giving notice to the other or others of the partner’s intention to dissolve the partnership.

(2) In the last mentioned case the partnership is dissolved as from the date mentioned in the notice as the date of dissolution, or, if no date is so mentioned, as from the date of the communication of the notice.