Companies Act (Cap. 386)
Companies Act (Cap. 386), article 25
25. (1) In so far as the deed of partnership does not otherwise
provide, the administration and representation of the partnersh ip
shall vest in each of th e partners severally.
(2) A partnership may not be bound in favour of third parties
except by a partner acting under the partnership-name and havin g
the representation of the partner ship either by virtue of the d eed of
partnership or by operation of law.
(3) Where any such partner has acted as aforesaid, the
partnership shall be bound even though it derives no benefit.
Keeping of
accounting
records.
Cap. 13.
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