The Indian Partnership Act, 1932
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.
Source & version
Official text: India Code (official) ↗
Official India Code text: The Indian Partnership Act, 1932, English PDF (bitstream 123456789/2394/1/aA1932-9.pdf, 425,539 bytes, sha256 6fa1e7859290a72c...) fetched directly from indiacode.nic.in (Akamai edge, DNS via dns.google) on 2026-08-03. Extracted via pdftotext 26.07 -bbox and the @nexlex/ingest inline parser. Automated parse; footnotes and amendment history excluded. Spot-verified against the PDF; full clause-level proofread pending.
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