Mera Samvidhaan All of Indian Partnership Act, 1932

Chapter IV · Relations of Partners to Third Parties

21Partner’s authority in an emergency.

Section 21 · Chapter IV · page 7 of the Act

A Partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm.

Section 21 of The Indian Partnership Act, 1932 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.