India  |  Intellectual Property

Legal Question

Asked on: 6/22/13, 7:29 am

if two persons have some property in partnership and one dies who is owner of his share

1 Answer


Answered on: 6/22/13, 7:36 am by Fca Prashant Chavan

22.06.2013

Dear Sir / Madam,

A partner's share on his / her death has to be credited to the account of his / her legal heir by the surviving proprietor, failing which, the legal heir has to be admitted as a partner in the firm in place of the deceased partner. Alternatively, the partnership firm may be dissolved.

Regards,


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