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The Partnership Act, 1932

( ACT NO. IX OF 1932 )

Chapter II

THE NATURE OF PARTNERSHIP

Partnership not created by status
5. The relation of partnership arises from contract and not from status;
 
 
and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.

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