47
In forceRetiring or deceased partner's share to be debt
Part 2Partnerships generally
Division 4Dissolution of partnership
47 Retiring or deceased partner's share to be debt
Subject to an agreement between the partners, the amount due from surviving or continuing partners to an outgoing partner or the representative of a deceased partner, in respect of the outgoing or deceased partner's share, is a debt accruing at the date of the dissolution or death.
This Act’s bill:Second reading speech
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