1912_CHINESE_PARTNERSHIPS_ORDINANCE__1911 — Page 4

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CHINESE PARTNERSHIPS.

No. 53 of 1911.

2065

of the registered partnership he shall be personally liable to an unlimited extent for all debts and obligations of the registered partnership incurred while he so takes part in the management thereof.

(10) A firm or family t'ong registered as a partner in a registered partnership may be sued in its firm or t'ong name in respect of the debts and obligations of the registered partnership, and service on its registered representative shall be deemed sufficient service on the partners in the firm or the members of the t'ong.

6.-(1) A registered partnership shall not be dissolved by the death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall not be a ground for dissolution of the partnership by the Court unless the lunatic's share cannot be otherwise ascertained and realised.

(2) In the event of the dissolution of a registered partnership its affairs shall be wound up by the partners unless the Court otherwise orders.

(3) Applications to the Court to wind up a registered partnership shall be by petition under the Companies Ordinance, 1911, and the provisions of such Ordinance relating to the winding up of companies by the Court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor-in-Council may by rules provide, apply to the winding up by the Court of registered partnerships, with the substitution of partners for directors.

(4) Subject to any express agreement between the partners,-

(a) any difference arising as to ordinary matters connected with the business of a registered partnership may be decided by a majority of the partners;

(b) a partner shall not be entitled to dissolve a registered partnership by notice.

7. Subject to the provisions of this Ordinance, the Partnership Ordinance, 1897, and the rules of equity and of common law applicable to partnerships, except in so far as they are inconsistent with the express provisions of the last mentioned Ordinance, shall apply to partnerships and partners registered under this Ordinance.

* As amended by No. 16 of 1912 and No. 17 of 1912.

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No. 53 of 1911.2065of the registered partnership he shall be personally liable to an unlimited extent for all debts and obligations of the registered partnership incurred while he so takes part in the management thereof.(10) A firm or family t'ong registered as a partner in a registered partnership may be sued in its firm or t'ong name in respect of the debts and obligations of the registered partnership, and service on its registered representative shall be deemed sufficient service on the partners in the firm or the members of the t'ong.6.-(1) A registered partnership shall not be dissolved by the death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall not be a ground for dissolution of the partnership by the Court unless the lunatic's share cannot be otherwise ascertained and realised.(2) In the event of the dissolution of a registered partnership its affairs shall be wound up by the partners unless the Court otherwise orders.(3) Applications to the Court to wind up a registered partnership shall be by petition under the Companies Ordinance, 1911, and the provisions of such Ordinance relating to the winding up of companies by the Court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor-in-Council may by rules provide, apply to the winding up by the Court of registered partnerships, with the substitution of partners for directors.(4) Subject to any express agreement between the partners,-(a) any difference arising as to ordinary matters connected with the business of a registered partnership may be decided by a majority of the partners;(b) a partner shall not be entitled to dissolve a registered partnership by notice.7. Subject to the provisions of this Ordinance, the Partnership Ordinance, 1897, and the rules of equity and of common law applicable to partnerships, except in so far as they are inconsistent with the express provisions of the last mentioned Ordinance, shall apply to partnerships and partners registered under this Ordinance.* As amended by No. 16 of 1912 and No. 17 of 1912.
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No. 53 of 1911.2065of the registered partnership he shall be personally liable to an unlimited extent for all debts and obligations of the registered partnership incurred while he so takes part in the management thereof.(10) A firm or family t'ong registered as a partner in a registeredActions partnership may be sued in its firm or t'ong name in respect ofagainst firmregistered as the debts and obligations of the registered partnership, and servicepartner in registered on its registered representative shall be deemed sufficient service onpartnership. the partners in the firm or the members of the tong.and wind- ing up of6.-(1) A registered partnership shall not be dissolved by theDissolution death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall not be a ground forregisteredpartnerships. dissolution of the partnership by the Court unless the lunatic's share cannot be otherwise ascertained and realised.(2) In the event of the dissolution of a registered partnership its affairs shall be wound up by the partners unless the Court otherwise orders.*(3) Applications to the Court to wind up a registered partnership shall be by petition under the Companies Ordinance, 1911, and theNo. 58 of provisions of such Ordinance relating to the winding up of companies1911. by the Court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor-in-Council may by rules provide, apply to the winding up by the Court of registered partnerships, with the substitution of partners for directors.(4) Subject to any express agreement between the partners,-(a) any difference arising as to ordinary matters connected with the business of a registered partnership may be decided by a majority of the partners;(b) a partner shall not be entitled to dissolve a registered partner- ship by notice.7. Subject to the provisions of this Ordinance, the PartnershipLaw as to Ordinance, 1897, and the rules of equity and of common lawprivatepartnership applicable to partnerships, except in so far as they are inconsistentto apply. with the express provisions of the last mentioned Ordinance, shallNo. 1 of 1897. apply to partnerships and partners registered under this Ordinance.* As amended by No. 16 of 1912 and No. 17 of 1912.
2026-05-03 01:21:34 · Baseline
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CHINESE PARTNERSHIPS.

No. 53 of 1911.

2065

of the registered partnership he shall be personally liable to an unlimited extent for all debts and obligations of the registered partnership incurred while he so takes part in the management thereof.

(10) A firm or family t'ong registered as a partner in a registered Actions partnership may be sued in its firm or t'ong name in respect of against firm

registered as the debts and obligations of the registered partnership, and service partner in registered on its registered representative shall be deemed sufficient service on partnership.

the partners in the firm or the members of the tong.

and wind- ing up of

6.-(1) A registered partnership shall not be dissolved by the Dissolution death, or bankruptcy, or admission, or succession, or retirement of a partner; and the lunacy of a partner shall not be a ground for registered

partnerships. dissolution of the partnership by the Court unless the lunatic's share cannot be otherwise ascertained and realised.

(2) In the event of the dissolution of a registered partnership its affairs shall be wound up by the partners unless the Court otherwise orders.

*

(3) Applications to the Court to wind up a registered partnership shall be by petition under the Companies Ordinance, 1911, and the No. 58 of provisions of such Ordinance relating to the winding up of companies 1911. by the Court and of the rules made thereunder (including provisions as to fees) shall, subject to such modification (if any) as the Governor-in-Council may by rules provide, apply to the winding up by the Court of registered partnerships, with the substitution of partners for directors.

(4) Subject to any express agreement between the partners,-

(a) any difference arising as to ordinary matters connected with the business of a registered partnership may be decided by a majority of the partners;

(b) a partner shall not be entitled to dissolve a registered partner- ship by notice.

7. Subject to the provisions of this Ordinance, the Partnership Law as to Ordinance, 1897, and the rules of equity and of common law private

partnership applicable to partnerships, except in so far as they are inconsistent to apply. with the express provisions of the last mentioned Ordinance, shall No. 1 of 1897. apply to partnerships and partners registered under this Ordinance.

* As amended by No. 16 of 1912 and No. 17 of 1912.

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