Companies Act (Cap. 386)
Companies Act (Cap. 386), article 34
34. (1) A partner who is expelled or who by virtue of the
immediately preceding article is not entitled to continue as pa rtner
shall have the right to have his interest in the partnership
liquidated.
(2) There shall be included in the liquidation of the interest o f a
partner who is expelled, or who by virtue of the immediately
preceding article is not entitle d to continue as a partner, a pro rata
26 CAP. 386.] COMP ANIES
share of the profits or losses on all work in progress up to th e date
of the expulsion.
Dissolution of
partnerships en
nom collectif.
Amended by:
IV . 2003.32.
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