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PARTNERSHIP ACT 1890 - SECT 38

Continuing authority of partners for purposes of winding up.

38. After the dissolution of a partnership the authority of each partner to
bind the firm, and the other rights and obligations of the partners, continue
notwithstanding the dissolution so far as may be necessary to wind up the
affairs of the partnership, and to complete transactions begun but unfinished
at the time of the dissolution, but not otherwise.

Provided that the firm is in no case bound by the acts of a partner who has
become bankrupt; but this proviso does not affect the liability of any person
who has after the bankruptcy represented himself or knowingly suffered himself
to be represented as a partner of the bankrupt.

© 1890 Crown Copyright

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