Partnership

Cap. 259 · Revised Edition 2020 · 47 sections

s. 1Short title
s. 2Interpretation
s. 3Definition of partnership
s. 4Rules for determining existence of partnership
s. 5Postponement of rights of person lending or selling in consideration of share of profits in case of insolvency, etc
s. 6Meaning of firm
s. 7Power of partner as agent to bind the firm
s. 8Partners bound by acts on behalf of firm
s. 9Firm not bound by partners using credit of firm for private purposes
s. 10Effect of notice that firm will not be bound by acts of partner
s. 11Liability of partners
s. 12Liability of firm for wrongs of partners
s. 13Misapplication of money or property received for or in custody of the firm
s. 14Liability for wrongs joint and several
s. 15Improper employment of trust property for partnership purposes
s. 16Persons liable by holding out
s. 17Admission of partners
s. 18Notice to acting partner to be notice to the firm
s. 19Liabilities of incoming and outgoing partners
s. 20Revocation of continuing guarantee by change in firm
s. 21Variation by consent of term of partnership
s. 22Partnership property
s. 23Property bought with partnership money
s. 24Conversion into personal estate of land held as partnership property
s. 25Procedure against partnership property for a partner’s separate judgment debt
s. 26Rules as to interests and duties of partners subject to special agreement
s. 27Expulsion of partner
s. 28Retirement from partnership at will
s. 29Where partnership for term is continued over, continuance on old terms presumed
s. 30Duty of partners to render accounts, etc
s. 31Accountability of partners for private profits
s. 32Duty of partner not to compete with firm
s. 33Rights of assignee of share in partnership
s. 34Dissolution by expiration or notice
s. 35Dissolution by bankruptcy, death or charge
s. 36Dissolution by illegality of partnership
s. 37Dissolution by the court
s. 38Rights of persons dealing with firm against apparent members of firm
s. 39Right of partners to notify dissolution
s. 40Continuing authority of partners for purposes of winding-up
s. 41Rights of partners as to application of partnership property
s. 42Apportionment premium where partnership prematurely dissolved
s. 43Rights where partnership dissolved for fraud or misrepresentation
s. 44Right of outgoing partner in certain cases to share profits made after dissolution
s. 45Retiring or deceased partner’s share to be a debt
s. 46Rules for distribution of assets on final settlement of accounts
s. 47Saving for rules of equity and common law