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55.   Rights of persons dealing with firm against apparent members of firm

Revised Laws of Saint Lucia (2021)

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55.   Rights of persons dealing with firm against apparent members of firm

  1.  

    (1)   Where a person deals with a firm after the change in its constitution he or she is entitled to treat all apparent members of the old firm as still being members of the firm until he or she has notice of the change.

  1.  

    (2)   An advertisement in the Gazette shall be notice as to persons who had not dealings with the firm before the date of the dissolution or change so advertised.

  1.  

    (3)   The estate of a partner who dies, or who becomes bankrupt, or of a partner who, not having been to the person dealing with the firm to be a partner, retires from the firm, is not liable for partnership debts contracted after the date of the death, bankruptcy, or retirement respectively.

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