Document ID: chunk:federal_register_of_legislation:C2024C00461:section:229
Version: federal_register_of_legislation:C2024C00461
Segment Type: section
Provision Reference: s 229
Character Range: 289220–289884

229  Partnership ceases to exist
 (1) If a partnership ceases to exist, the persons who were partners immediately before the cessation must continue to satisfy any applicable obligations imposed by this Act.
 (2) Section 227 applies as if:
 (a) references to a partnership were to a partnership that ceases to exist; and
 (b) references to partners of the partnership were to the persons who were partners immediately before the cessation.
 (3) For the purpose of this section, a partnership ceases to exist if the dissolution of the partnership does not result in the creation of another partnership.

Division 3—Provisions affecting unincorporated associations