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Reconstitution of the Firm

Reconstitution of the Firm

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Published by Deborah
when reconstitution occurs...
when reconstitution occurs...

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Published by: Deborah on Dec 02, 2009
Copyright:Attribution Non-commercial

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01/16/2013

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Reconstitution of the Firm
UNIT III
 
Incoming and OutgoingPartners
Introduction of a new partner Sec. 31
Retirement of a partner Sec. 32
Expulsion of a partner Sec. 33
Insolvency of a partner Sec. 34
Death of a partner Sec. 35
 Transfer of partner’s interest Sec. 29
 
Introduction of a newpartner
Cannot be made without consentof all partners
Liability
For acts done after he becomespartner
Depends on mutual agreement

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