2246
No. 18 of 1912.
Short title and application.
*
Interpreta-tion.
7 Ed. 7 c. 24 s. 3.
*
LIMITED PARTNERSHIPS.
No. 14 of 1912, incorporated in No. 9 of 1912
No. 15 of 1912, incorporated in No. 3 of 1890.
No. 16 of 1912, incorporated generally.
No. 17 of 1912, incorporated generally.
No. 18 of 1912.
To establish Limited Partnerships. in force 1st June, 1912.]
1. (1) The Limited Partnerships Ordinance, 1912.
(2) This Ordinance shall apply to such partnerships carrying on business in the Colony as in the opinion of the Registrar of Companies can properly be described as Non-Chinese Partnerships.
2. In this Ordinance :-
66
Firm", firm name", and business
No. 1 of 1897. ings as in the Partnership Ordinance, 1897.
No. 58 of 1911.
Definition and con- stitution of limited partnership.
ib. s. 4.
+
have the same mean-
General Partner shall mean any partner who is not a limited partner as defined by this Ordinance.
Registrar of Companies" shall mean the officer appointed for the registration of companies under the Companies Ordinance, 1911.
3.-(1) Limited partnerships may be formed in the manner and subject to the conditions by this Ordinance provided.
(2) A limited partnership shall not consist, in the case of a partnership carrying on the business of banking, of more than 20 persons, and, in the case of any other partnership, of more than 20 persons, and must consist of one or more persons called general partners, who shall be liable for all debts and obligations of the firm, and one or more persons to be called limited partners, who shall at the time of entering into such partnership contribute thereto a sum or sums as capital or property valued at a stated amount, and who shall not be liable for the debts or obligations of the firm beyond the amount so contributed.
* As amended by No. 43 of 1912.
As amended by No. 43 of 1912 Supp. Sched.