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PARTNERSHIP ACT 1895 - SECT 47

PARTNERSHIP ACT 1895 - SECT 47

47 .         Rights of creditors against apparent members of firm

        (1)         Where a person deals with a firm after a change in its constitution, he is entitled to treat all apparent members of the old firm as still being members of the firm, until he has notice of the change.

        (2)         An advertisement in the ‘ Government Gazette ’ and in a Perth or local newspaper (if any) as to a firm whose principal place of business is in Western Australia shall be notice as to persons who had not dealings with the firm before the date of the dissolution or change so advertised.

        (3)         The estate of a partner who dies or becomes bankrupt, or of a partner who, not having been known to the person dealing with the firm to be a partner, retires from the firm, is not liable for partnership debts contracted after the date of the death, bankruptcy, or retirement respectively.