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47.
Continuing authority of partners for purposes
of winding up.- After the dissolution
of a firm the authority of each partner to bind
the firm, and the other mutual rights and obligations
of the partners, continue notwithstanding the
dissolution, so far as may be necessary to wind
up the affairs of the firm and to complete transactions
begun but unfinished at the time of the dissolution,
but not otherwise : Provided that the firm is
in no case bound by the acts of a partner who
had been adjudicated insolvent, but this proviso
does not affect the liability of any person
who has after the adjudication represented himself
or knowingly permitted himself to be represented
as a partner of the insolvent.
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