R.S.M. 1987, c. P30
The Partnership Act
Table of Contents
1 | Definitions. | |
PART I
PARTNERSHIP GENERALLY |
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2 | Application of Part I. | |
(2) | Saving for rules of equity and common law. | |
3 | Definition of partnership. | |
4 | Rules for determining existence of partnership. | |
5 | Postponement of rights of lender or seller in case of insolvency. | |
6 | Meaning of firm. | |
7 | Firm may be partner. | |
8 | Power of partner to bind the firm. | |
9 | Partners bound by acts on behalf of firm. | |
10 | Partner using credit of firm for private purposes. | |
11 | Effect of notice that firm will not be bound by acts of partner. | |
12 | Liability of partners. | |
13 | Liability of the firm for wrongs. | |
14 | Misapplication of money. | |
15 | Liability for wrongs, joint and several. | |
16 | Improper employment of trust property. | |
17 | Persons liable by "holding out". | |
(2) | Continuing business after death of partner. | |
18 | Admissions and representations of partners. | |
19 | Notice to acting partners to be notice to the firm. | |
20 | Liabilities of incoming and outgoing partners. | |
(2) | Pre-retirement debts. | |
(3) | Discharge by agreement. | |
21 | Revocation of continuing guaranty by change in firm. | |
22 | Variation by consent of terms of partnership. | |
23 | Partnership property. | |
(2) | Land belonging to partnership. | |
(3) | Land not belonging to partnership. | |
24 | Property bought with partnership money. | |
25 | Conversion into personal estate of land held as partnership property. | |
26 | Procedure against partnership property for separate judgment. | |
(2) | Redemption of interest. | |
27 | Rules as to interests and duties of partners. | |
28 | Expulsion of partner. | |
29 | Retiring from partnership at will. | |
(2) | Notice of retirement. | |
30 | Presumption where partnership for term is continued over. | |
(2) | Presumption as to continuance. | |
31 | Duties of partners to render accounts, etc. | |
32 | Accountability of partners for private profits. | |
(2) | Further application of section. | |
33 | Duty of partner not to compete with firm. | |
34 | Rights of assignee of share in partnership. | |
(2) | In case of dissolution. | |
35 | Dissolution by expiration or notice. | |
(2) | Date of dissolution. | |
36 | Dissolution by bankruptcy, death or charge. | |
(2) | Dissolution for debt of partner. | |
37 | Dissolution by illegality of partnership. | |
38 | Dissolution by the court. | |
39 | Rights of persons dealing with firm changing membership. | |
(2) | Form of notice. | |
(3) | Liability of estate of deceased partner. | |
40 | Rights of partners to notify dissolution. | |
41 | Continuing authority of partners for purposes of winding-up. | |
(2) | Bankrupt partner without authority. | |
42 | Rights of partners as to application of partnership property. | |
43 | Apportionment of premium where partnership prematurely dissolved. | |
44 | Rights where partnership dissolved for fraud or misrepresentation. | |
45 | Rights of outgoing partner in certain cases. | |
(2) | Option to purchase interest. | |
46 | Retiring or deceased partner's share to be debt. | |
47 | Rule for distribution of assets on final settlement of accounts. | |
48 | Allegations not controvertible against any party signing. | |
49 | If declaration not filed, action may be brought. | |
(2) | Action on instrument naming partners. | |
50 | Enforcement of judgments. | |
PART II
LIMITED PARTNERSHIPS |
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51 | Application of Part II. | |
(2) | Limited partnership may be formed. | |
(3) | Same person as general and limited partner. | |
(4) | Rights and liabilities. | |
52 | Constitution of limited partnership. | |
53 | General and limited partners, liability of. | |
54 | General partners only to transact business, etc. | |
(2) | Onus of proof. | |
55 | Partnership not formed until registered. | |
56 | Declaration of continuance. | |
(2) | Failure to renew. | |
57 | Effect of change without registration. | |
58 | Limited partnership name. | |
(2) | Use of "Limited" in partnership name. | |
59 | Liability of general partners as such. | |
60 | Interest upon contribution of limited partner. | |
(2) | Return of contribution. | |
(3) | Restrictions on return of contribution. | |
(4) | Form of returned contribution. | |
(5) | Dissolution of limited partnership. | |
(6) | Continuing liability. | |
61 | When liable to refund. | |
62 | Privileges of limited partners. | |
63 | Loss of limited liability by a limited partner. | |
(2) | Limitation. | |
(3) | Limited partnership not dissolved. | |
(4) | Winding-up. | |
(5) | Further characteristics of a limited partnership. | |
64 | General partners liable to account | |
65 | Creditors preferred to limited partners. | |
66 | No premature dissolution without notice. |