CHINESE PARTNERSHIPS.
No. 53 of 1911.
2063
Registered shall be regarded, so far as the partnership in which it is registered is concerned, as one person, and provided also that one partner only in the firm or one member only of the t'ong shall be registered as a representative of the firm or t'ong so registering as aforesaid, and provided also that no person may be registered as a representative of a firm or t'ong unless the Registrar of Companies is satisfied that he has the authority of the other members of his firm or the adult members of his t'ong to be registered as their representative in the registered partnership, and unless one month shall have elapsed since an announcement of his intention to apply for registration as a representative of the firm or t'ong in question shall have been published in the Gazette and in two Chinese daily newspapers circulating in the Colony.
(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.
registration on liability.
5.—(1) The liability of each partner in a registered partnership, Effect of 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.
(2) The liability of each unregistered partner in a registered partnership shall be unlimited.
(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...
* As amended by No. 16 of 1912.
CHINESE PARTNERSHIPS.
No. 53 of 1911.
2063
gistered shall be regarded, so far as the partnership in which it is registered is concerned, as one person, and provided also that one partner only in the firm or one member only of the t'ong shall be registered as a representative of the firm or t'ong so registering as aforesaid, and provided also that no person may be registered as a representative of a firm or t'ong unless the Registrar of Companies is satisfied that he has the authority of the other members of his firm or the adult members of his t'ong to be registered as their representative in the registered partnership, and unless one month shall have elapsed since an announcement of his intention to apply for registration as a representative of the firm or t'ong in question shall have been published in the Gazette and in two Chinese daily newspapers circulating in the Colony.
(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.
registration on liability.
5.—(1) The liability of each partner in a registered partnership, Effect of 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.
*
(2) The liability of each unregistered partner in a registered part- Unregistered nership shall be unlimited.
partuer; and registered partner in
(3) The liability of each registered partner in a registered part- registered nership beyond his liability under sub-section (1) shall be limited to partnership. such proportion of the debts and obligations of the registered part- nership as his interest in the registered partnership bears to the total interest of all the partners therein, whether registered or unregistered.
firm register-
(4) Where a firm or family t'ong is registered as a partner in a Unregistered registered partnership, but is not itself registered as a registered ed as partner partnership the liability of each of its partners or members shall be in registered partnership. unlimited in respect of assets in his possession connected with the registered partnership but his further liability shall be limited to
* As amended by No. 16 of 1912.
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