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.
Section 46: Right of partners to have business wound up after dissolution.
The Indian Partnership Act, 1932Central Act · Act 9 of 1932
Where this provision sits
| Act | The Indian Partnership Act, 1932 |
|---|---|
| Section | 46 |
| Marginal note | Right of partners to have business wound up after dissolution. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 1 |
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