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Free Books / Society / Law / Partnership, Private Corporations, Public Corporations / | ![]() |
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Section 45. Leases |
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This section is from the book "Popular Law Library Vol8 Partnership, Private Corporations, Public Corporations", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
A partner who obtains the lease of premises which are being used for partnership purposes will be deemed in law to hold the lease in trust for the firm. A partner has authority to take a lease but not to give a lease.26
 
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