ACTIn ForceAct
Partnership Act 1963
49Retiring or deceased partner’s share to be debt
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49 Retiring or deceased partner’s share to be debt Subject to any agreement between the partners, the amount due from the surviving or continuing partners to an outgoing partner, or the legal personal representatives of a deceased partner, in respect of the outgoing or deceased partner’s share in the partnership, is a debt accruing at the date of the dissolution or death.