1964 Ed.]
Partnership.
[CAP. 38
1
CHAPTER 38.
PARTNERSHIP ORDINANCE.
ARRANGEMENT OF SECTIONS.
Section. Page.
1. Short title 3
2. Interpretation 3
NATURE OF PARTNERSHIP.
3. Definition of partnership 4
4. Rules for determining existence of partnership 5
5. Postponement of rights of person lending or selling in consideration of share of profits in case of insolvency 3
6. Meaning of firm and firm-name 4
RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM.
7. Power of partner to bind firm 5
8. Partners bound by acts on behalf of firm 5
9. Partner using credit of firm for private purposes 5
10. Effect of notice that firm will not be bound by acts of partner 5
11. Liability of partners 5
12. Liability of firm for wrongs 6
13. Misapplication of money or property received for or in custody of firm 6
14. Liability for wrongs joint and several 6
15. Improper employment of trust property for partnership purposes 6
16. Persons liable by "holding out" 6
17. Admissions and representations of partner 6
18. Notice to acting partner to be notice to firm 6
19. Liabilities of incoming and outgoing partners 6
20. Revocation of continuing guarantee by change in firm 7
RELATIONS OF PARTNERS TO ONE ANOTHER.
21. Variation by consent of terms of partnership 7
22. Partnership property 7
23. Property bought with partnership money 7
24. Conversion into personal estate of land held as partnership property 7
25. Procedure against partnership property for partner's separate judgment debt 7
26. Rules as to interests and duties of partners, subject to special agreement 8
27. Expulsion of partner 8
28. Retirement from partnership at will 9
29. Where partnership for term is continued over, continuance on old terms presumed 9
30. Duty of partners to render accounts, etc. 9
31. Accountability of partners for private profits 9
32. Duty of partner not to compete with firm 10
33. Rights of assignee of share in partnership 10