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Cap. 386 · Companies Act (Cap. 386)

Cap. 386 Art. 12Contribution of a debt owing to a partner.

PART III - PARTNERSHIP

In KraftAmtlicher Text

Where a partner has contributed to the partnership a debt owing to him, he shall not be discharged until the partnership obtains payment of the amount for which the debt was contributed and, in case of non-payment at the due date, he shall be liable, jointly and severally with the debtor, for the said amount with interest from the date the debt contributed fell due.