1950_LIMITED_PARTNERSHIPS_ORDINANCE — Page 3

Limited Partnerships.

(b) a limited partner may, with the consent of the general partners, assign his share in the partnership, and upon such an assignment the assignee shall become a limited partner with all the rights of the assignor;

(c) the other partners shall not be entitled to dissolve the partnership by reason of any limited partner suffering his share to be charged for his separate debt;

(d) a person may be introduced as a partner without the

consent of the existing limited partners;

(e) a limited partner shall not be entitled to dissolve the

partnership by notice.

[CAP. 37

private

6. Subject to the provisions of this Ordinance, the Law as to Partnership Ordinance, and rules of equity and of common partnership law applicable to partnerships, except so far as they are inconsistent with the express provisions of the last-mentioned Ordinance, shall apply to limited partnerships.

to apply.

(Cap. 38.)

Manner and of registra-

particulars

tion.

7. The registration of a limited partnership shall be effected by sending by registered post or delivering to the Registrar of Companies a statement signed by the partners 7 Edw. 7. containing the following particulars—

(a) the firm name;

(b) the general nature of the business;

(c) the principal place of business;

(d) the full name of each of the partners;

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

into, and the date of its commencement;

(f) a statement that the partnership is limited, and the

description of every limited partner as such;

(g) the sum contributed by each limited partner, and

whether paid in cash or how otherwise.

c. 24, s. 8.

8. (1) If during the continuance of a limited partner- Registration ship any change is made or occurs in—

(a) the firm name;

(b) the general nature of the business;

(c) the principal place of business;

(d) the partners or the name of any partner; (e) the term or character of the partnership;

the sum contributed by any limited partner;

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of changes in partner- ships. 7 Edw. 7,

c. 24, s. 9.