Mera Samvidhaan All of Indian Partnership Act, 1932

Chapter VI · Dissolution of a Firm

46Right of partners to have business wound up after dissolution.

Section 46 · Chapter VI · page 12 of the Act

On the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the property of the firm applied in payment of the debts and liabilities of the firm, and to have the surplus distributed among the partners or their representatives according to their rights.

Section 46 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.