Section 36 of Partnerships Act 16 of 2012: Effects of break up

    

(1) A partnership which breaks up in the manner described in section 35 shall carry on with partnership business in so far as it is necessary for— (a) the dissolution of the partnership;
(b) the winding up of the partnership by partners under section 40; or (c) the winding up of the partnership by a liquidator.
(2) The authority of a partner to bind the partnership and other rights and obligations of a partner continue notwithstanding the breakup of the partnership in so far as may be necessary to dissolve the partnership and to complete transactions begun but unfinished at the time of the break up.
(3) The partners may, by an agreement in writing, confer on one or more of the partners authority to carry on the partnership business for the purposes of subsection (1).
(4) Subsection (2) shall not apply to a person who ceased to be a partner involuntarily.


Disclaimer: This document is not to be taken as legal advise.

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