Victorian Consolidated Legislation

Partnership Act 1958 - SECT 22

Revocation of continuing guaranty by change in firm

22. Revocation of continuing guaranty by change in firm

A continuing guaranty given either to a firm or to a third person in respect
of the transactions of a firm is in the absence of agreement to the contrary
revoked as to future transactions by any change in the constitution of the
firm to which or of the firm in respect of the transactions of which the
guaranty was given.

Division 3-Relationship between partners