Cap. 386 Art. 43Duties of partners vested with administration.

(1) Where a liquidator is appointed, the partners vested with the administration of the partnership shall -

(a) deliver to the liquidator all the assets and all the accounting records and other documents of the partnership and shall draw up accounts relating to their administration for the period since the preceding accounts; and

(b) together with the liquidator, draw up a balance sheet showing the state of affairs of the partnership as at the date of the dissolution.

(2) Subject to the provisions of sub-article (1), on the appointment of a liquidator all the powers of administration or representation of the partnership vested in any of the partners shall cease.