<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39" NumberOfProvisions="49" xml:lang="en" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-10-26"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41</dc:identifier><dc:title>Partnership Act 1890</dc:title><dc:description>An Act to declare and amend the Law of Partnership.</dc:description><dc:date>1979-03-31</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2023-12-13</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2023-10-26</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/resources" title="More Resources"/>
					
					
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/1991-02-01" title="1991-02-01"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/40" title="Provision; Section 40"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/40" title="Provision; Section 40"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/42" title="Provision; Section 42"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/42" title="Provision; Section 42"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1890"/><ukm:Number Value="39"/><ukm:AlternativeNumber Category="Regnal" Value="53_and_54_Vict"/><ukm:EnactmentDate Date="1890-08-14"/></ukm:PrimaryMetadata>
					

                    
									 
					<ukm:Alternatives><ukm:Alternative Date="2025-03-20" Size="1093874" URI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/pdfs/ukpga_18900039_en.pdf" Print="true"/></ukm:Alternatives>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="50"/>
									<ukm:BodyParagraphs Value="49"/>
									<ukm:ScheduleParagraphs Value="1"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="0"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/body" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39/body" NumberOfProvisions="49" RestrictStartDate="2023-10-26"><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/crossheading/dissolution-of-partnership-and-its-consequences" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39/crossheading/dissolution-of-partnership-and-its-consequences" NumberOfProvisions="13" id="crossheading-dissolution-of-partnership-and-its-consequences" RestrictStartDate="2023-10-26"><Title> Dissolution of Partnership, and its consequences</Title><P1group><Title> Rights where partnership dissolved for fraud or misrepresentation.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39/section/41" id="section-41"><Pnumber>41</Pnumber><P1para><Text>Where a partnership contract is rescinded on the ground of the fraud or misrepresentation of one of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/a" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39/section/41/a" id="section-41-a"><Pnumber>a</Pnumber><P3para><Text>to a lien on, or right of retention of, the surplus of the partnership assets, after satisfying the partnership liabilities, for any sum of money paid by him for the purchase of a share in the partnership and for any capital contributed by him, and is</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/b" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39/section/41/b" id="section-41-b"><Pnumber>b</Pnumber><P3para><Text>to stand in the place of the creditors of the firm for any payments made by him in respect of the partnership liabilities, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/Vict/53-54/39/section/41/c" IdURI="http://www.legislation.gov.uk/id/ukpga/Vict/53-54/39/section/41/c" id="section-41-c"><Pnumber>c</Pnumber><P3para><Text>to be indemnified by the person guilty of the fraud or making the representation against all the debts and liabilities of the firm.</Text></P3para></P3></P1para></P1></P1group></Pblock></Body></Primary></Legislation>