Partnership.
the partnership business or affairs, or to require any accounts of the partnership transactions, or to inspect the partnership books, but entitles the assignee only to receive the share of the profits to which the assigning partner would otherwise be entitled, and the assignee must accept the account of profits agreed to by the partners.
(2) In the case of a dissolution of the partnership, whether as respects all the partners or as respects the assigning partner, the assignee is entitled to receive the share of the partnership assets to which the assigning partner is entitled as between himself and the other partners, and, for the purpose of ascertaining that share, to an account as from the date of the dissolution.
Dissolution of partnership and its consequences.
[31
[CAP. 38
34., (1) Subject to any agreement between the partners, Dissolution by a partnership is dissolved-
(a) if entered into for a fixed term, by the expiration
of that term; or
(b) if entered into for a single adventure or undertaking, by the termination of that adventure or undertaking;
or
(c) if entered into for an undefined time, by any partner giving notice to the other or others of his intention to dissolve the partnership.
(2) In the last-mentioned case the partnership is dissolved as from the date mentioned in the notice as the date of dissolution, or, if no date is so mentioned, as from the date of the communication of the notice.
[32
35. (1) Subject to any agreement between the partners, every partnership is dissolved as regards all the partners by the death or bankruptcy of any partner.
(2) A partnership may, at the option of the other partners, be dissolved if any partner suffers his share of the partnership property to be charged under this Ordinance for his separate debt.
[33
expiration or notice.
Dissolution by death, or
bankruptcy,
charge.
illegality of
36. A partnership is in every case dissolved by the Dissolution by happening of any event which makes it unlawful for the partnership. business of the firm to be carried on or for the members of the firm to carry it on in partnership.
[34
321
Page 10
Page 11