section 42
Dissolution on the happening of certain contingencies
The Jammu and Kashmir State Partnership Act, 1939Corporate193963 sections5 chapters
Chapter VI Chapter VI
Statutory text
Dissolution on the happening of certain contingencies.--Subject to contract between the partners a firm is dissolved,--
- (a) if constituted for a fixed term, by the expiry of that term;
- (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof;
- (c) by the death of a partner; and
- (d) by the adjudication of a partner as an insolvent.
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