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Cap. 386 · Companies Act (Cap. 386)

Cap. 386 Art. 11Contributions deemed tobe made in ownership.

PART III - PARTNERSHIP

In KraftAmtlicher Text

Unless specifically provided in the deed of partnership, things contributed to the partnership shall be deemed to have been transferred in full ownership: Provided that, where any of the partners has contributed his own services only, the contributions made by the other partners shall, unless specifically provided in the deed of partnership, be deemed to have been made in usufruct.