CHINESE PARTNERSHIPS.
No. 53 of 1911.
1989
unregistered
(6) Where a firm or family t'ong is registered as a partner (s. 5 contd.) in a registered partnership and is itself also registered as a registered partnership, the liability of each of its partners, 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.
shareholder.
(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 sub-section (1).
(8) The burden of proving that assets in his possession are unconnected with the registered partnership shall be on the person who seeks to have his liability limited under this section.
(9) No member of a firm or family t'ong which is registered as a partner other than the registered representative thereof shall take part in the management of the business of the registered partnership or shall have power to bind the registered partnership:
Provided that any member of such a firm or t'ong may by himself or his agent at any time inspect the books of the firm and examine into the state and prospects of the partnership business.
If a member of such a firm or t'ong other than the registered representative thereof takes part in the management of the business 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.
CHINESE PARTNERSHIPS.
No. 53 of 1911.
1989
unregistered
(6) Where a firm or family t'ong is registered as a partner (s. 5 contd.] in a registered partnership and is itself also registered and of as a registered partnership, the liability of each of its partners. 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.
shareholder.
(7) No person registered only as a hung kú shareholder Registered shall be under any further liability for the debts and hung kú obligations of the firm in which he is so registered than the liability imposed by sub-section (1).
(8) The burden of proving that assets in his possession are unconnected with the registered partnership shall be on the person who seeks to have his liability limited under this section.
(9) No member of a firm or family t'ong which is reg- istered as a partner other than the registered representative thereof shall take part in the management of the business of the registered partnership or shall have power to bind the registered partnership:
Provided that any member of such a firm or t'ong may by himself or his agent at any time inspect the books of the firm and examine into the state and prospects of the partnership business.
If a member of such a firm or t'ong other than the registered representative thereof takes part in the manage- ment of the business 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.
registered as
(10) A firm or family t'ong registered as a partner in a Actions registered partnership may be sued in its firm or t'ong name against firm in respect of the debts and obligations of the registered part- partner in nership, and service on its registered representative shall be registered deemed sufficient service on the partners in the firm or the partnership. members of the long.
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