PARTNERSHIP ACT 1961 (REVISED

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1 PART I PRELIMINARY-1. Short title.

2 PART I PRELIMINARY-2. Interpretation.

3 PART II NATURE OF PARTNERSHIP-3. DEFINITION of partnership.

4 PART II NATURE OF PARTNERSHIP-4. Certain circumstances not prima facie partnerships.

5 PART II NATURE OF PARTNERSHIP-5. Postponement of rights of person lending or selling in consideration of share of profits in case of bankruptcy.

6 PART II NATURE OF PARTNERSHIP-6. Meaning of firm and firm-name.

7 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-7. Power of partner to bind firm.

8 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-8. Partners bound by acts on behalf of firm.

9 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-9. Partner using credit of firm for private purposes.

10 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-10. Effect of notice that firm will not be bound by acts of partner.

11 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-11. Liability of partners.

12 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-12. Liability of firm for wrongs.

13 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-13. Misapplication of money or property received for or in custody of firm.

14 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-14. Liability for wrongs joint and several.

15 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-15. Improper employment of trust property for partnership purposes.

16 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-16. Persons liable by "holding out".

17 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-17. Admissions and representations of partner.

18 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-18. Notice to acting partner to be notice to firm.

19 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-19. Liability of incoming and outgoing partners.

20 PART III RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM-20. Revocation of continuing guarantee by change in firm.

21 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-21. Variation by consent of terms of partnership.

22 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-22. Partnership property.

23 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-23. Property bought with partnership money.

24 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-24. Conversion into personal estate of land held as partnership property.

25 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-25. Procedure against partnership property for partner's separate judgment debt.

26 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-26. Rules as to interests and duties of partners, subject to special agreement.

27 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-27. Expulsion of partner.

28 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-28. Retirement from partnership at will.

29 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-29. Where partnership for term is continued over, continuance on old terms presumed.

30 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-30. Duty of partners to render accounts, etc.

31 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-31. Accountability of partners for private profits.

32 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-32. Duty of partner not to complete with firm.

33 PART IV RELATIONS OF PARTNERS TO ONE ANOTHER-33. Rights of assignee of share in partnership.

34 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-34. Dissolution by expiration or notice.

35 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-35. Dissolution by bankruptcy, death, or charge.

36 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-36. Dissolution by illegality of partnership.

37 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-37. Dissolution by the court.

38 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-38. Rights of persons dealing with firm against apparent members of firm.

39 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-39. Right of partner to notify dissolution.

40 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-40. Continuing authority of partners for purposes of winding up.

41 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-41. Rights of partners as to application of partnership property.

42 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-42. Apportionment of premium where partnership prematurely dissolved.

43 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-43. Rights where partnership dissolved for fraud or misrepresentation.

44 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-44. Rights of outgoing partner in certain cases to share profits made after dissolution.

45 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-45. Retiring or deceased partner's share to be a debt.

46 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-46. Rules for distribution of assets on final settlement of accounts.

47 PART V DISSOLUTION OF PARTNERSHIP AND ITS CONSEQUENCES-47. Saving.

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