Bare ActsThe Indian Partnership Act, 1932

Section 46

Right of partners to have business wound up after dissolution.

Amendment status not verified — confirm the current text below against the official source.

On the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the property of the firm applied in payment of the debts and liabilities of the firm, and to have the surplus distributed among the partners or their representatives according to their rights.

Amended up to 2019-03-11View on India Code →
Section 46 – The Indian Partnership Act, 1932 | DailyLaw.ai