Section 5Partnership not created by status

In forceChapter II THE NATURE OF PARTNERSHIP

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Not in the index: Schedule (১)

Chapter II THE NATURE OF PARTNERSHIP

s. 5

5. Partnership not created by status The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.

End of s. 5. Not in the index for this Act: Schedule (১).

Read the contents: The Partnership Act, 1932