s 38
In forceDissolution of partnership by death, bankruptcy, charge etc
Part 5Dissolution of partnership and its consequences
38 Dissolution of partnership by death, bankruptcy, charge etc
(1)
Subject to any agreement between the partners, a partnership is dissolved in relation to all the partners if a partner dies, becomes bankrupt, or executes a personal insolvency agreement under the Bankruptcy Act 1966 (Cwlth).
(2)
If a partner’s share in the partnership property is charged under this Act for the partner’s separate debt, the other partners may dissolve the partnership.
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