1950_CHINESE_PARTNERSHIPS_ORDINANCE — Page 5

Chinese Partnerships.

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 partner- ship may be decided by a majority of the partners; (b) a

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

[CAP. 31

private

partnership

to apply.

(Cap. 38).

7. Subject to the provisions of this Ordinance, the Law as to Partnership Ordinance, 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.

particulars of

8. The registration of a partnership under this Ordin- Manner and ance shall be effected by delivering to the Registrar of registration. Companies a statement signed by such of the partners and hung kú shareholders as desire to be registered under this Ordinance containing the following particulars→→→

(a) the partnership name;

(b) the general nature of the business;

(c) the principal place of business;

(d) the full name and address of each partner and each hung kú shareholder who desires to be registered under this Ordinance;

(e) the term, if any, for which the partnership is entered

into, and the date of its commencement;

(f) the total capital of the partnership and the amount

of such capital which has been paid up; (g) the sum contributed by each partner who desires to be registered under this Ordinance, and whether paid in cash or how otherwise;

(h) the proportion which the interest in the partnership of each partner who desires to be registered under this Ordinance bears to the interests of all the partners, whether registered or unregistered, in the partnership; and

9

Page 5Page 6