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The Partnership Act, 1932

( ACT NO. IX OF 1932 )

Chapter VI

DISSOLUTION OF A FIRM

Dissolution on the happening of certain contingencies
42. Subject to contract between the partners a firm is dissolved-
 
 
(a) if constituted for a fixed term, by the expiry of that term;
 
 
(b) if constituted to carry out one or more adventures or undertakings, by the completion thereof;
 
 
(c) by the death of a partner; and
 
 
(d) by the adjudication of a partner as an insolvent.

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