Partnership Act 1890

  1. Introductory Text

  2. Nature of Partnership

    1. 1.Definition of partnership

    2. 2.Rules for determining existence of partnership

    3. 3.Postponement of rights of person lending or selling in consideration of share of profits in case of insolvency

    4. 4.Meaning of firm

  3. Relations of Partners to persons dealing with them

    1. 5.Power of partner to bind the firm

    2. 6.Partners bound by acts on behalf of firm

    3. 7.Partner using credit of firm for private purposes

    4. 8.Effect of notice that firm will not be bound by acts of partner

    5. 9.Liability of partners

    6. 10.Liability of the firm for wrongs

    7. 11.Misapplication of money or property received for or in custody of the firm

    8. 12.Liability for wrongs joint and several

    9. 13.Improper employment of trust-property for partnership purposes

    10. 14.Persons liable by "holding out"

    11. 15.Admissions and representations of partners

    12. 16.Notice to acting partner to be notice to the firm

    13. 17.Liabilities of incoming and outgoing partners

    14. 18.Revocation of continuing guaranty by change in firm

  4. Relations of Partners to one another

    1. 19.Variation by consent of terms of partnership

    2. 20.Partnership property

    3. 21.Property bought with partnership money

    4. 22.Conversion into personal estate of land held as partnership property

    5. 23.Procedure against partnership property for a partner's separate judgment debt

    6. 24.Rules as to interests and duties of partners subject to special agreement

    7. 25.Expulsion of partner

    8. 26.Retirement from partnership at will

    9. 27.Where partnership for term is continued over, continuance on old terms presumed

    10. 28.Duty of partners to render accounts, &c

    11. 29.Accountability of partners for private profits

    12. 30.Duty of partner not to compete with firm

    13. 31.Rights of assignee of share in partnership

  5. Dissolution of Partnership, and its consequences

    1. 32.Dissolution by expiration or notice

    2. 33.Dissolution by bankruptcy, death, or charge

    3. 34.Dissolution by illegality of partnership

    4. 35.Dissolution by the Court

    5. 36.Rights of persons dealing with firm against apparent members of firm

    6. 37.Right of partners to notify dissolution

    7. 38.Continuing authority of partners for purposes of winding up

    8. 39.Rights of partners as to application of partnership property

    9. 40.Apportioning of premium where partnership prematurely dissolved

    10. 41.Rights where partnership dissolved for fraud or misrepresentation

    11. 42.Right of outgoing partner in certain cases to share profits made after dissolution

    12. 43.Retiring or deceased partner's share to be a debt

    13. 44.Rule for distribution of assets on final settlement of accounts

  6. Supplemental

    1. 45.Definitions of "court" and "business"

    2. 46.Saving for rules of equity and common law

    3. 47.Provision as to bankruptcy in Scotland

    4. 48.Repeal

    5. 49.Commencement of Act

    6. 50.Short title

    1. SCHEDULE

      Enactments Repealed