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P-4
- Partnership Act
Detailled Table of Contents
Document at 16 March 2015
Partnership Act
1
Definitions and interpretation
1.1
Administration
I
NATURE OF PARTNERSHIP
2
Definitions of partnership
3
Determination of partnership
4
Effect of bankruptcy or insolvency
5
Meaning of firm
II
RELATIONS OF PARTNERS TO PERSONSDEALING WITH THEM
6
Power of partner to bind firm
7
Power of agent to bind firm
8
Pledging of credit for personal business
9
When firm not bound by acts of partner
10
Liability of estate of partner
11
Liability of firm for errors and omissions
12
Liability of firm for misapplication of money or property
13
Joint liability of partners
14
Misapplication of trust property
15
Misrepresentation as to partner
16
Admission by partner as evidence
17
Notice to partner deemed notice to firm
18
Liability of incoming and outgoing partner
19
Revocation of guarantee of firm
RELATIONS OF PARTNERS TO ONE ANOTHER
20
Variation of powers and duties of partners
21
Partnership property, devolution of land
22
Property purchased by firm
23
Land owned by firm deemed personalty
24
A writ of...
25
Rules respecting interest of partners
26
Expulsion of partner
27
Retirement of partner
28
Firm constituted for fixed term
29
Disclosure by partner
30
Private profit
31
Competition
32
Rights of assignee of partner
DISSOLUTION OF PARTNERSHIP AND ITSCONSEQUENCES
33
Dissolution
34
Dissolution by death or bankruptcy, dissolution on charging of partner’s interest
35
Dissolution on business becoming unlawful
36
Dissolution by court
37
Notice respecting change of constitution, liability after the date of death, bankruptcy or retirement
38
Notice of dissolution
39
Authority of partners on winding up
40
Winding up of partnership
41
Repayment of premium after dissolution
42
Fraud or misrepresentation
43
Effect of outgoing or deceased partner
44
Share of outgoing partner to be firm debt
45
Settling of accounts on dissolution
III
LIMITED LIABILITY PARTNERSHIPS
46
Definitions
47
Application of Parts I and II
48
Limited liability of partners
49
Partners subject to same liabilities as corporate directors
50
Previous partnership obligations
51
Restrictions on distribution
52
Recovery of prohibited distributions
53
Status after dissolution
54
Law of governing jurisdiction applies