TABLE OF PROVISIONS Long Title PART IA -- Preliminary 1. Short title 2. Commencement 3. Terms used in this Act 4. Application of Act 6. Present law to continue except as modified PART I -- Nature of partnership 7. Meaning of “partnership” 8. Rules to apply in determining partnership 9. Seller of business to be deferred to other creditors for value 10. Meanings of “firm” and “firm-name” 11. Number of persons in firm 12. Choice of firm-name PART II -- Relations of partners to persons dealing with them 13. Partners bound by acts of firm 14. Partner using credit of firm for private purposes 15. Effect of notice that firm will not be bound by act of partner 16. Liability of partners 17. Liability of firm for wrongs 18. Misapplication of money or property 19. Liability for wrongs, joint and several 20. Improper employment of trust property 21. Persons liable by “holding out” 22. Admissions and representations by partners 23. Notice to acting partner to be notice to firm 24. Liabilities of incoming and outgoing partners 25. Revocation of continuing guaranty 26. Special powers of partners 27. Special powers of partners in certain firms 28. Enforcing judgments against partners and partnerships PART III -- Relations of partners to one another 29. Terms of partnership may be varied by consent 30. Meaning of “partnership property” 31. Property bought with partnership money 32. Conversion of real into personal estate 33. Meaning of “partner’s share” 34. Rules as to interests, rights and duties of partners 35. Expulsion of partner 36. Retirement of partner where fixed term 37. Retirement from partnership at will 38. Where partnership continued after expiration of term 39. Partners to render accounts 40. Partners must account for all benefits derived 41. Partner must not compete with firm 42. Effect of assignment of partner’s share PART IV -- Dissolution of partnership and its consequences 43. Dissolution by expiration of notice 44. Dissolution by death, bankruptcy, assignment or charge 45. Dissolution by illegality of partnership 46. Dissolution by court 47. Rights of creditors against apparent members of firm 48. Partner may notify of dissolution 49. Authority for purposes of winding up 50. Application of partnership property 51. Sale of goodwill on dissolution 52. Use of firm-name may be restrained 53. Provision where premium paid 54. Lien on assets where partnership dissolved for fraud 55. Right of outgoing partner in certain cases to share profits made after dissolution 56. Retaining of deceased partner’s share to be a debt 57. Rules for distribution of assets on final settlement of accounts Defined terms[Heading inserted: No. 19 of 2010 s. 44(2).]
Compilation table