https://www.taxtmi.com/caselaws?id=97060 Members of a partnership rendered illegal by statute cannot obtain partition or an account of partnership dealings and profits in court; remedies are confined to restitution of subscriptions made before application of funds to the illegal purpose, and such restitution claims are governed by the accrual rule and subject to limitation. Where the business was carried on, profits received, and substantial time has passed since subscription, claims for return of subscriptions are time-barred. No cause of action lies against a purchaser company for partnership assets absent a valid legal foundation for disturbing the sale; accordingly no relief is available against the company. en-us Fri, 14 Apr 1950 00:00:00 +0530 Fri, 13 Jan 2012 18:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97060 Members of a partnership rendered illegal by statute cannot obtain partition or an account of partnership dealings and profits in court; remedies are confined to restitution of subscriptions made before application of funds to the illegal purpose, and such restitution claims are governed by the accrual rule and subject to limitation. Where the business was carried on, profits received, and substantial time has passed since subscription, claims for return of subscriptions are time-barred. No cause of action lies against a purchaser company for partnership assets absent a valid legal foundation for disturbing the sale; accordingly no relief is available against the company. Case-Laws Companies Law Fri, 14 Apr 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97060