CAP. 31]
Conditions of registration.
Effect of registration on liability.
Unregistered
Chinese Partnerships.
4. (1) No partnership may register under this Ordinance unless one at least of its partners registers as a partner therein.
(2) Firms or family t'ongs may be registered as partners in a registered partnership: Provided that a firm or family t'ong so registered shall be regarded, so far as the partnership in which it is registered is concerned, as one person: 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: Provided also that no person may be registered as a representative of a firm or t'ong unless the Registrar 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 has elapsed since an announcement of his intention to apply for registration as a representative of the firm or t'ong in question has 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.
5. (1) The liability of each partner in a registered partnership, 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 subsection (1) shall be limited to such proportion of the debts and obligations of the registered partnership as his interest in
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CAP. 31]
Conditions of registration.
Effect of registration on liability.
Unregistered
Chinese Partnerships.
4. (1) No partnership may register under this Ordin- ance unless one at least of its partners registers as a partner therein.
(2) Firms or family t'ongs may be registered as partners in a registered partnership: Provided that a firm or family t'ong so registered shall be regarded, so far as the partnership in which it is registered is concerned, as one person: 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 afore- said: Provided also that no person may be registered as a representative of a firm or t'ong unless the Registrar 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 has elapsed since an announcement of his intention to apply for registration as a representative of the firm or t'ong in question has been published in the Gazette and in two Chinese daily newspapers circulating in the Colony.
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(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 there- after 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.
5. (1) The liability of each partner in a registered partnership, which may sue and be sued in its registered name, shall be unlimited in respect of assets in his posses- sion connected with the registered partnership.
(2) The liability of each unregistered partner in a partner; and registered partnership shall be unlimited.
registered partner in registered partnership.
(3) The liability of each registered partner in a registered partnership beyond his liability under subsection (1) shall be limited to such proportion of the debts and obligations of the registered partnership as his interest in
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