33Accountability of partners for private profits

Start here

Get a plain-English read of 33

Turn the raw legal text into a practical explanation grounded in Partnership Act 1958.

Ask Zoe about this section View in full context

33 Accountability of partners for private profits

(1) Every partner must account to the firm for any benefit derived by him without the consent of the other partners from any transaction concerning the partnership or from any use by him of the partnership property name or business connexion.

(2) This section applies also to transactions undertaken after a partnership has been dissolved by the death of a partner and before the affairs thereof have been completely wound up either by any surviving partner or by the representatives of the deceased partner.

No. 3745 s. 34.

Section 33 - Partnership Act 1958 - Accountability of partners for private profits | Zoe