Skip to main content

Practice Directions Research

Pricing Sign In Start Free Trial

View on eLegislation

Cap. 38activeordinance

Partnership Ordinance

合夥條例

Full legislation

s.1

Short title

This Ordinance may be cited as the
Partnership Ordinance
.

Table of Contents

Sections

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

Pricing Ordinances Regulations Practice Directions Contact Privacy Terms

© 2026 Neural Motion Ltd. All rights reserved.