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Section 55 of Partnerships Act 16 of 2012: Order for benefit of former partner

    

(1) A person who is interested in the winding up of a partnership may make an application for one or more orders under subsection (2).
(2) On the hearing of an application under subsection (1), the Court may make one or more of the following orders—
(a) an order requiring accounts to be drawn up to establish the former partner’s rights under section 30 or under the terms of a partnership agreement;
(b) an order requiring interim payments to be made to the former
partner in respect of rights;
(c) an order requiring security to be provided in respect of such rights;
(d) an order for the break up of the partnership; or
(e) if the partnership has already broken up, directions as to the manner in which the partnership is to be wound up.
(2) The Court in making an order under subsection (1)—
(a) shall specify the date on which the partnership is to break up; and
(b) may provide for the appointment of a liquidator under section 52 or a provisional liquidator under section 53.

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

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