Partnership Act 1890

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1 Definition of partnership

2 Rules for determining existence of partnership

3 Postponement of rights of person lending or selling in consideration of share of profits in case of insolvency

5 Power of partner to bind firm

6 Partners bound by acts on behalf of firm

7 Partner using credit of firm for private purposes

8 Effect of notice that firm will not be bound by acts of partner

9 Liability of partners

10 Liability of firm for wrongs

11 Misapplication of money or property received for or in custody of firm

12 Liability for wrongs joint and several

13 Improper employment of trust property for partnership purposes

14 Persons liable by "holding out"

15 Admissions and representations of partners

16 Notice to acting partner to be notice to firm

17 Liabilities of incoming and outgoing partners

18 Revocation of continuing guaranty by change in firm

19 Variation by consent of terms of partnership

20 Partnership property

21 Property bought with partnership money

22 Conversion into personal estate of land held as partnership property

23 Procedure against partnership property for partner’s separate judgment debt

24 Rules as to interests and duties of partners subject to special agreement

25 Expulsion of partner

26 Retirement from partnership at will

27 Where partnership for term is continued over, continuance on old terms presumed

28 Duty of partners to render accounts, etc.

29 Accountability of partners for private profits

30 Duty of partner not to compete with firm

31 Rights of assignee of share in partnership

32 Dissolution by expiration or notice

33 Dissolution by bankruptcy, death or charge

34 Dissolution by illegality of partnership

35 Dissolution by court

36 Rights of persons dealing with firm against apparent members of firm

37 Right of partners to notify dissolution

38 Continuing authority of partners for purposes of winding up

39 Rights of partners as to application of partnership property

40 Apportionment of premium where partnership prematurely dissolved

41 Rights where partnership dissolved for fraud or misrepresentation

42 Right of outgoing partner in certain cases to share profits made after dissolution

43 Retiring or deceased partner’s share to be debt

44 Rule for distribution of assets on final settlement of accounts

46 Saving for rules of equity and common law

Definition of partnership

1.—(1) Partnership is the relation which subsists between persons carrying on a business in common with a view of profit.

(2) But the relation between members of any company or association which is —

(a)	registered as a company under the Companies Act 1967 or under any previous corresponding law; or
(b)	formed or incorporated by or in pursuance of any other Act of Parliament,

is not a partnership within the meaning of this Act.

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