Partnership Act

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1Section0PREAMBLE
2Section1SHORT TITLE EXTENT AND COMMENCEMENT.
3Section2DEFINITIONS.
4Section3APPLICATION OF PROVISIONS OF ACT IX OF 1872.
5Section4DEFINITION OF \"PARTNERSHIP\", \"PARTNER\", \"FIRM\" AND \"FIRM-NAME\".
6Section5PARTNERSHIP NOT CREATED BY STATUS.
7Section6MODE OF DETERMINING EXISTENCE OF PARTNERSHIP.
8Section7PARTNERSHIP-AT-WILL.
9Section8PARTICULAR PARTNERSHIP.
10Section9GENERAL DUTIES OF PARTNERS.
11Section10DUTY TO INDEMNIFY FOR LOSS CAUSED BY FRAUD.
12Section11DETERMINATION OF RIGHTS AND DUTIES OF PARTNERS BY CONTRACT BETWEEN THE PARTNERS.
13Section12THE CONDUCT OF THE BUSINESS.
14Section13MUTUAL RIGHT AND LIABILITIES.
15Section14THE PROPERTY OF THE FIRM.
16Section15APPLICATION OF THE PROPERTY OF THE FIRM.
17Section16PERSONAL PROFITS EARNED BY PARTNERS.
18Section17RIGHTS AND DUTIES OF PARTNERS AFTER A CHANGE IN THE FIRM.
19Section18PARTNER TO BE AGENT OF THE FIRM.
20Section19IMPLIED AUTHORITY OF PARTNER AS AGENT OF THE FIRM.
21Section20EXTENSION AND RESTRICTION OF PARTNERS IMPLIED AUTHORITY.
22Section21PARTNERS AUTHORITY IN AN EMERGENCY.
23Section22MODE OF DOING ACT TO BIND FIRM.
24Section23EFFECT OF ADMISSION BY A PARTNER.
25Section24EFFECT OF NOTICE TO ACTING PARTNER.
26Section25LIABILITY OF A PARTNER FOR ACTS OF THE FIRM.
27Section26LIABILITY OF THE FIRM FOR WRONGFUL ACTS OF A PARTNER.
28Section27LIABILITY OF FIRM FOR MISAPPLICATION BY PARTNERS.
29Section28HOLDINGOUT.
30Section29RIGHTS OF TRANSFEREE OF A PARTNERS INTEREST.
31Section30MINORS ADMITTED TO THE BENEFITS OF PARTNERSHIP.
32Section31INTRODUCTION OF A PARTNER.
33Section32RETIREMENT OF A PARTNER.
34Section33EXPULSION OF A PARTNER.
35Section34INSOLVENCY OF A PARTNER.
36Section35LIABILITY OF ESTATE OF DECEASED PARTNER.
37Section36RIGHTS OF OUTGOING PARTNER TO CARRY ON COMPETING BUSINESS.
38Section37RIGHT OF OUTGOING PARTNER IN CERTAIN CASES TO SHARE SUBSEQUENT PROFITS.
39Section38REVOCATION OF CONTINUING GUARANTEE BY CHANGE IN FIRM.
40Section39DISSOLUTION OF A FIRM.
41Section40DISSOLUTION BY AGREEMENT.
42Section41COMPULSORY DISSOLUTION.
43Section42DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES.
44Section43DISSOLUTION BY NOTICE OF PARTNERSHIP AT WILL.
45Section44DISSOLUTION BY THE COURT.
46Section45LIABILITY FOR ACTS OF PARTNERS DONE AFTER DISSOLUTION.
47Section46RIGHT OF PARTNERS TO HAVE BUSINESS WOUND UP AFTER DISSOLUTION.
48Section47CONTINUING AUTHORITY OF PARTNERS FOR PURPOSES OF WINDING UP.
49Section48MODE OF SETTLEMENT OF ACCOUNTS BETWEEN PARTNERS.\n
50Section49PAYMENT OF FIRMS DEBTS AND OF SEPARATE DEBTS.