Central Act
42
Section 42. Dissolution on the happening of certain contingencies.
The Indian Partnership Act, 1932
In forceAll India (Central Act)
42. 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.