Civil Code Art. 1833: Dissolution and Winding

Statute: Civil Code
Article: Art. 1833
Topic: Dissolution and Winding Up
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE IX PARTNERSHIP
Chapter: CHAPTER 3 Dissolution and Winding Up
Year: 1949

The provision

Where the dissolution is caused by the act, death or insolvency of a partner, each partner is liable to his co-partners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless: (1) The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution; or (2) The dissolution being by the death or insolvency of a partner, the partner acting for the partnership had knowledge or notice of the death or insolvency.

Civil Code, Art. 1833 is found in CHAPTER 3 Dissolution and Winding Up of TITLE IX PARTNERSHIP of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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