PARTNERSHIP ACT 1895 - SECT 33
PARTNERSHIP ACT 1895 - SECT 33
33 . Meaning of “partner’s share”
The share of a partner
in the partnership property at any time is the proportion of the then existing
partnership assets to which he would be entitled if the whole were realised
and converted into money, and after all the then existing debts and
liabilities of the firm had been discharged.