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Cap. 386 · Companies Act (Cap. 386)

Cap. 386 Art. 34Rights of persons ceasing to be partners.

PART III - PARTNERSHIP

In KraftAmtlicher Text

(1) A partner who is expelled or who by virtue of the immediately preceding article is not entitled to continue as partner shall have the right to have his interest in the partnership liquidated.

(2) There shall be included in the liquidation of the interest of a partner who is expelled, or who by virtue of the immediately preceding article is not entitled to continue as a partner, a pro rata share of the profits or losses on all work in progress up to the date of the expulsion.