SECTION 5 INDIVIDUAL PARTNERSHIP
Article 30. " Individual partnership " refers to two or more citizens associated in a business and working together, with each providing funds, material objects, techniques and so on according to an agreement.
Article 31. Partners shall make a written agreement covering the funds each is to provide, the distribution of profits, the responsibility for debts, the entering into and withdrawal from partnership, the ending of partnership and other such matters.
Article 32. The property provided by the partners shall be under their unified management and use.
The property accumulated in a partnership operation shall belong to all the partners.
Article 33. An individual partnership may adopt a shop name; it shall be approved and registered in accordance with law and conduct business operations within the range as approved and registered.
Article 34. The operational activities of an individual partnership shall be decided jointly by the partners, who each shall have the right to carry out and supervise over those activities.
The partners may elect a responsible person. All partners shall bear civil liability for the operational activities of the responsible person and other personnel.
Article 35. A partnership's debts shall be secured with the partners' property in proportion to their respective contributions to the investment or according to the agreement made.
Partners shall undertake joint liability for their partnership's debts, except as otherwise stipulated by law. Any partner who overpays his share of the partnership's debts shall have the right to claim compensation from the other partners.
2007年1月9日星期二
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