806
Expulsion of partner.
Retirement ship at will.
No. 1 of 1897.
PARTNERSHIP
(6) no partner shall be entitled to remuneration for acting in the partnership business;
(7) no person may be introduced as a partner without the consent of all existing partners;
(8) any difference arising as to ordinary matters connected with the partnership business may be decided by a majority of the partners, but no change may be made in the nature of the partnership business without the consent of all existing partners; and
(9) the partnership books are to be kept at the place of business of the partnership (or the principal place, if there are more places than one), and every partner may, when he thinks fit, have access to and inspect and copy any of them.
25. No majority of the partners can expel any partner, unless a power to do so has been conferred by express agreement between the partners.
26.--(1) Where no fixed term has been agreed upon for the duration of the partnership, any partner may determine the partnership at any time on giving notice of his intention to do so to all the other partners.
Where partnership for term is continued over, continuance on old terms presumed.
Duty of partner to render accounts, etc.
(2) Where the partnership has originally been constituted by deed, a notice in writing, signed by the partner giving it, shall be sufficient for this purpose.
27.-(1) Where a partnership entered into for a fixed term is continued after the term has expired, and without any express new agreement, the rights and duties of the partners remain the same as they were at the expiration of the term, so far as consistent with the incidents of a partnership at will.
(2) A continuance of the business by the partners or such of them as habitually acted therein during the term, without any settlement or liquidation of the partnership affairs, is presumed to be a continuance of the partnership.
28. Partners are bound to render true accounts and full information of all things affecting the partnership to any partner or his legal representatives.
806
Expulsion of partner.
Retirement
ship at will.
No. 1 of 1897.
PARTNERSHIP.
(6) no partner shall be entitled to remuneration for acting in the partnership business;
(7) no person may be introduced as a partner without the consent of all existing partners;
(8) any difference arising as to ordinary matters connected with the partnership business may be decided by a majority of the partners, but no change may be made in the nature of the partnership business without the consent. of all exist- ing partners; and
(9) the partnership books are to be kept at the place of business of the partnership (or the principal place, if there are more places than one), and every partner may, when he thinks fit, have access to and inspect and copy any of them.
25. No majority of the partners can expel any partner, unless a power to do so has been conferred by express agree- ment between the partners.
26.--(1) Where no fixed term has been agreed upon for from partner the duration of the partnership, any partner may determine the partnership at any time on giving notice of his intention to do so to all the other partners.
Where part- nership for term is continued
over, con-
tinuance on
old terms presumed.
Duty of part-
(2) Where the partnership has originally been constituted by deed, a notice in writing, signed by the partner giving it, shall be sufficient for this purpose.
27.-(1) Where a partnership entered into for a fixed term is continued after the term has expired, and without any express new agreement, the rights und duties of the partners remain the same as they were at the expiration of the term, so far as consistent with the incidents of a partner- ship at will.
(2) A continuance of the business by the partners or such of them as habitually acted therein during the term, without any settlement, or liquidation of the partnership affairs, is presumed to be a continuance of the partnership.
28. Partners are bound to render true accounts and full ner to render information of all things affecting the partnership to any
partner or his legal representatives.
accounts, etc.
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