PARTNERSHIP ACT 1895 - SECT 56

PARTNERSHIP ACT 1895 - SECT 56

56 .         Retaining of deceased partner’s share to be a debt

                Subject to any agreement between the partners, the amount due from surviving or continuing partners to an outgoing partner, or the representatives of a deceased partner, in respect of the outgoing or deceased partner’s share, is a debt accruing at the date of the dissolution or death.