Part 1Purpose, overview, and other preliminary provisions
7Interpretation
In this Act, unless the context otherwise requires,—
business includes every trade, occupation, or profession
court includes every court and Judge that has jurisdiction
firm and firm name have the meanings set out in section 10
partnership has the meaning set out in sections 8 and 9
partnership property has the meaning set out in section 36(2)
personal representative means an executor, an administrator, or a trustee of the estate of an individual who has died.
In this Act, unless the context otherwise requires, a partner (A) leaves a firm if A—
- retires from the firm (whether voluntarily or under a duty to retire imposed under the partnership agreement); or
- is expelled from the partnership (see section 53).
Compare
- 1908 No 139 s 2