Amendment status not verified — confirm the current text below against the official source.
Dissolution on the happening of certain contingencies - 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.