Western Australian Current Acts

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PARTNERSHIP ACT 1895 - SECT 49

49 .         Authority for purposes of winding up

        (1)         After the dissolution of a partnership, the authority of each partner to bind the firm, and the other rights and obligations of the partners, continue notwithstanding the dissolution, so far as may be necessary to wind up the affairs of the partnership, and to complete transactions begun but unfinished at the time of the dissolution, but not otherwise.

        (2)         Despite subsection (1), the firm is in no case bound by the acts of a partner who has become bankrupt.

        (3)         Subsection (2) does not affect the liability of any person who has, after the bankruptcy, represented himself or knowingly suffered himself to be represented as a partner of the bankrupt.

        [Section 49 amended: No. 19 of 2010 s. 51.]



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