Partnership Continuation After Death

Summary

In Malaysia, without an agreement addressing the death of a partner, the partnership typically dissolves. The surviving partners would need to wind up the partnerships affairs, form a new partnership or business entity to continue operations, and notify clients and banks about the changes. For more detailed guidance, consulting a local lawyer could be beneficial.

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No agreement
In Malaysia, without an agreement addressing the death of a partner, the partnership typically dissolves. The surviving partners would need to:
- Wind up the partnership's affairs.
- Form a new partnership or business entity to continue operations.
- Notify clients and banks about the changes.
For more detailed guidance, consulting a local lawyer could be beneficial.