Section 30 Partnership Act, 1932 Explained: Dissolution of firm on the death of a partner | Nyaya

Statutory Content

What does Section 30 of Partnership Act, 1932 say?

On the death of a partner, the firm shall be dissolved, unless the partnership deed provides otherwise. If the partnership deed provides that the firm shall not be dissolved on the death of a partner, the surviving partners shall have the option to continue the business of the firm, or to dissolve the firm and divide the assets among themselves.

Indian StandardSection 30, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 30 (India)

Court Pleading StandardSection 30 of the Partnership Act, 1932

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 30 Partnership Act, 1932

What is Section 30 of Partnership Act, 1932?

Section 30 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Dissolution of firm on the death of a partner". The section states: On the death of a partner, the firm shall be dissolved, unless the partnership deed provides otherwise. If the partnership deed provides that the firm shall not be dissolved on the...

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