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Indian Partnership Act, 1932

Section - 42 - Dissolution on the happening of certain contingencies

Dissolution on the happening of certain contingencies

42. 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.
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