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Section 40

of Partnership Act 1961

ActIn forceProvision 40 of 47

Section 40

After the dissolution of a partnership, the authority of each partner to bind the firm, and the other rights and obligations of the partners, continue, notwithstanding the dissolution, so far as may be necessary to wind up the affairs of the partnership, and to complete transactions begun but unfinished at the time of the dissolution, but not otherwise:

Read in full context — Partnership Act 1961 →