1988
Effect of registration,
No. 53 of 1911.
CHINESE PARTNERSHIPS.
(3) The Registrar of Companies shall register the names of all members of a family t'ong disclosed to him by such representative, including infants of any age; and thereafter members so registered shall have their liability limited in the same manner as if they were registered as partners under this Ordinance.
(4) Bodies corporate may be registered as partners in a registered partnership.
5.-(1) The liability of each partner in a registered partnership, which may sue and be sued in its registered name, shall be unlimited in respect of assets in his possession connected with the registered partnership.
Unregistered
(2) The liability of each unregistered partner in a registered partnership shall be unlimited.
partner; and
registered partner in registered partnership.
Unregistered
(3) The liability of each registered partner in a registered partnership beyond his liability under sub-section (1) shall be limited to such proportion of the debts and obligations of the registered partnership as his interest in the registered partnership bears to the total interest of all the partners therein, whether registered or unregistered.
(4) Where a firm or family t'ong is registered as a partner in a registered partnership, but is not itself registered as a registered partnership, the liability of each of its partners or members shall be unlimited in respect of assets in his possession connected with the registered partnership, but his further liability shall be limited to such proportion of the debts and obligations of the registered partnership as the interest of his firm or t'ong in the registered partnership bears to the total interest of all the partners therein whether registered or unregistered.
(5) Where a firm or family t'ong is registered as a partner in a registered partnership and is itself also registered as a registered partnership, the liability of each of its partners or members shall be unlimited in respect of assets in his possession connected with the registered partnership in which his firm or t'ong is a registered partner, but his further liability shall be limited to such proportion of what would have been his total liability if his firm or t'ong had not itself been a registered partnership as his interest in his own firm or t'ong bears to the total interest of all the partners therein, whether registered or unregistered.