Chinese Partnerships.
the registered partnership bears to the total interest of all the partners therein, whether registered or unregistered.
[CAP. 31
firm
as partner
partnership.
(4) Where a firm or family t'ong is registered as an Unregistered partner in a registered partnership, but is not itself registered as a registered partnership, the liability of each of its registered 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.
firm
as partner
in registered liability of partners;
partnership:
registered
(5) Where a firm or family t'ong is registered as a Registered partner in a registered partnership and is itself also registered as a registered partnership, the liability of each of its registered 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.
unregistered
(6) 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 unregistered partners or members shall be unlimited in respect of assets in his possession connected with the registered partnership in which the firm or t'ong is a registered partner; 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.
hung kú
(7) No person registered only as a hung kú shareholder shall be under any further liability for the debts and obligations of the firm in which he is so registered than the liability imposed by subsection (1).
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