LAWS OF MALAYSIA

REPRINT

Act 135

PARTNERSHIP ACT 1961

Incorporating all amendments up to 1 January 2006

PUBLISHED BYTHE COMMISSIONER OF LAW REVISION, MALAYSIAUNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968IN COLLABORATION WITHPERCETAKAN NASIONAL MALAYSIA BHD

2006

Laws of Malaysia

135

First enacted......…...……1961 (Sabah Ord. No. 1of 1961)Revised.........…...……1974 (Act 135 w.e.f.1 July 1974)

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EPRINTS

First Reprint… … … … …1997 Second Reprint… … … … …2000

PARTNERSHIP ACT 1961

Partnership

LAWS OF MALAYSIAAct 135PARTNERSHIP ACT 1961

ARRANGEMENT OF SECTIONSP

ART

IPRELIMINARY

Section

1.Short title2.InterpretationP

ART

IINATURE OF PARTNERSHIP3.Definition of partnership4.Certain circumstances not

prima facie

partnerships5.Postponement of rights of person lending or selling in consideration of share of profits in case of bankruptcy6.Meaning of firm and firm nameP

ART

IIIRELATIONS OF PARTNERS TO PERSONS DEALINGWITH THEM7.Power of partner to bind firm8.Partners bound by acts on behalf of firm9.Partner using credit of firm for private purposes10.Effect of notice that firm will not be bound by acts of partner11.Liability of partners12.Liability of firm for wrongs13.Misapplication of money or property received for or in custody of firm