An assignment of his interest by one partner to another, where there are only two partners, operates as a dissolution1, but probably not where there are more than two2. Known insolvency of the concern does not vitiate the sale of his share by one partner to the other if no fraud is intended3.
One of several partners may purchase the share of another for his own benefit, and not for the benefit of the firm
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234