Companies Act (Cap. 386), article 26

26. (1) Notwithstanding the provisions of article 26 of the Commercial Code , the accounting records of the partnership shall be kept for a period of ten years: Provided that where the accoun ting records are kept in a bound or unified form, the ten y ears shall commence to run from the date of the last entry made therein. (2) If default is made in complying with the requirements of sub-article (1), every partner w ho is in default shall be liabl e to a penalty. New partners. 27. (1) Where a person becomes a partner of an already existing partnership, he shall thereby become liable for all th e obligations of the partnership, even if incurred before the dat e at which he becomes a partner. (2) Any agreement to the contrary shall be of no effect with regard to third parties. Distribution of profits.