34.
Insolvency of a partner.- (1) Where
a partner in a firm is adjudicated an insolvent,
he ceases to be a partner on the date on which
the order of adjudication is made, whether or
not the firm is thereby dissolved.
(2) Where under a contract
between the partners the firm is not dissolved
by the adjudication of a partner as an insolvent,
the estate of a partner so adjudicated is not
liable for any act of the firm and the firm
is not liable for any act of the insolvent,
done after the date on which the order of adjudication
is made.
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