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Partnership Law Act 2019

Financial reporting, dissolution of partnership, and other miscellaneous provisions - End of partnership - Dissolving a partnership

74: Right to notify dissolution

You could also call this:

"You can tell people if your partnership ends or someone leaves"

If your partnership ends or if someone leaves the group, you can tell people about it. You are allowed to share this information publicly. You can also ask the other partners to help you do this. If you need them to agree to something or help you with any tasks to spread the word, they should do so. This applies to any actions that you can't do on your own without their help or permission.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206092.

Topics:
Business > Industry rules
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"You can ask a court to end a partnership when there are problems"

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75: Continuing authority of partners for purposes of winding up and completing transactions, or

"Partners can finish up business after a partnership ends"

Part 4Financial reporting, dissolution of partnership, and other miscellaneous provisions
End of partnership: Dissolving a partnership

74Right to notify dissolution

  1. When a partnership is dissolved or when a partner leaves the firm, any partner may—

  2. publicly notify that fact; and
    1. for the purpose of that notification, require the other partners to consent to, or otherwise co-operate in the performance of, all necessary or proper acts (if any) that cannot be done without the other partners’ consent or co-operation.

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