Dissolution of Firm on death of Partner

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2011 A Partnership Firm had 2 partners.One of the partner has deceased.On death of the partner, whether the Firm stands dissolved automatically or a dissolution deed has to be executed with the legal heir of the deceased partner in order to dissolve the Firm.

Guest

Guest (Expert)

07 July 2011 the firm shall stand dissolved authomatically unless specifically provided in Partnership deed..

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Dissolution of Firm on death of Partner

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