1964 Ed.]
Partnership.
[CAP. 38
1
CHAPTER 38.
PARTNERSHIP ORDINANCE.
ARRANGEMENT OF SECTIONS.
Section. Page.
1. Short title 3
2. Interpretation 3
NATURE OF PARTNERSHIP.
3. Definition of partnership 4
4. Rules for determining existence of partnership 5
5. Postponement of rights of person lending or selling in consideration of share of profits in case of insolvency 3
6. Meaning of firm and firm-name 4
RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM.
7. Power of partner to bind firm 5
8. Partners bound by acts on behalf of firm 5
9. Partner using credit of firm for private purposes 5
10. Effect of notice that firm will not be bound by acts of partner 5
11. Liability of partners 5
12. Liability of firm for wrongs 6
13. Misapplication of money or property received for or in custody of firm 6
14. Liability for wrongs joint and several 6
15. Improper employment of trust property for partnership purposes 6
16. Persons liable by "holding out" 6
17. Admissions and representations of partner 6
18. Notice to acting partner to be notice to firm 6
19. Liabilities of incoming and outgoing partners 6
20. Revocation of continuing guarantee by change in firm 7
RELATIONS OF PARTNERS TO ONE ANOTHER.
21. Variation by consent of terms of partnership 7
22. Partnership property 7
23. Property bought with partnership money 7
24. Conversion into personal estate of land held as partnership property 7
25. Procedure against partnership property for partner's separate judgment debt 7
26. Rules as to interests and duties of partners, subject to special agreement 8
27. Expulsion of partner 8
28. Retirement from partnership at will 9
29. Where partnership for term is continued over, continuance on old terms presumed 9
30. Duty of partners to render accounts, etc. 9
31. Accountability of partners for private profits 9
32. Duty of partner not to compete with firm 10
33. Rights of assignee of share in partnership 10
1964 Ed.]
Partnership.
[CAP. 38
1
CHAPTER 38.
PARTNERSHIP ORDINANCE.
ARRANGEMENT OF SECTIONS.
Section.
Page.
1.
Short title
3
2.
Interpretation
3
NATURE OF PARTNERSHIP.
3.
4.
Rules for determining existence of partnership
5.
Definition of partnership
Postponement of rights of person lending or selling in consideration of
share of profits in case of insolvency
3
3
6.
Meaning of firm and firm-name
RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM.
4
7.
Power of partner to bind firm
5
8.
Partners bound by acts on behalf of firm
9.
Partner using credit of firm for private purposes
5
-
10.
11.
Effect of notice that firm will not be bound by acts of partner Liability of partners
5
5
***
5
12.
Liability of firm for wrongs
*
13.
Misapplication of money or property received for or in custody of firm
$
14.
Liability for wrongs joint and several ...
6
15.
16.
Improper employment of trust property for partnership purposes Persons liable by "holding out"
6
17.
Admissions and representations of partner
18.
Notice to acting partner to be notice to firm
6
19.
Liabilities of incoming and outgoing partners
6
20.
Revocation of continuing guarantee by change in firm
7
RELATIONS OF PARTNERS TO ONE ANOTHER.
21.
Variation by consent of terms of partnership
::
22.
Partnership property
23.
Property bought with partnership money...
24.
25.
Conversion into personal estate of land held as partnership property Procedure against partnership property for partner's separate judgment
debt
7
7
7
7
26.
27.
Rules as to interests and duties of partners, subject to special agreement Expulsion of partner
28.
29.
Retirement from partnership at will
Where partnership for term is continued over, continuance on old terms
presumed
30.
Duty of partners to render accounts, etc.
31.
Accountability of partners for private profits
32.
Duty of partner not to compete with firm 33. Rights of assignee of share in partnership
9
9
9
9
10
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