Indian Partnership Act : DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES Indian Bare Acts :

Indian Partnership Act,1932

Act No : 9

Section : DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES

SECTION 42: DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES
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.