Legal Question in Intellectual Property in India
if two persons have some property in partnership and one dies who is owner of his share
Asked on 6/22/13, 7:29 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
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,
Answered on 6/22/13, 7:36 am
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