https://www.taxtmi.com/acts?id=7452 Where a partner has died or ceased to be a partner and the continuing partners carry on the firm's business with firm property without final settlement, the outgoing partner or his estate is, absent a contrary contract, entitled either to a share of profits attributable to the use of his share of the property or to interest at six per cent per annum on his share; if an option to purchase the interest is duly exercised the estate is not entitled to further profits, but non compliance with the option terms renders the purchaser liable to account under these provisions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7452 Where a partner has died or ceased to be a partner and the continuing partners carry on the firm's business with firm property without final settlement, the outgoing partner or his estate is, absent a contrary contract, entitled either to a share of profits attributable to the use of his share of the property or to interest at six per cent per annum on his share; if an option to purchase the interest is duly exercised the estate is not entitled to further profits, but non compliance with the option terms renders the purchaser liable to account under these provisions. Act-Rules Partnership Firms Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7452