Section 42: Dissolution on the happening of certain contingencies.
The Indian Partnership Act, 1932Central Act · Act 9 of 1932
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.
Where this provision sits
| Act | The Indian Partnership Act, 1932 |
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| Section | 42 |
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| Marginal note | Dissolution on the happening of certain contingencies. |
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| Jurisdiction | Central |
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| Status | In force as published by the source |
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| Judgments citing it | 6 |
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