Central Act
38
Section 38. Revocation of continuing guarantee by change in firm.
The Indian Partnership Act, 1932
In forceAll India (Central Act)
38. Revocation of continuing guarantee by change in firm. A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm.