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Indian Partnership Act, 1932


CHAPTER V : INCOMING AND OUTGOING PARTNERS

31. Introduction of a partner

  1. Subject to contract between the partners and to the provisions of section 30, no person shall be introduced as a partner into a firm without the consent of all the existing partners.

  2. Subject to the provisions of section 30, a person who is introduced as a partner into a firm does not thereby become liable for any act of the firm done before he became a partner.



Indian Partnership Act, 1932 Back




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