Amendment status not verified — confirm the current text below against the official source.
Application of the property of the firm - Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business. SHORT - NOTE -SEC- 15 - Partner can not transfer any part of the property of firm till the continuation of the partnership - Addanki Narayanappa vs. Bhaskara Krishnappa.AIR 1966 SC 1300.