Companies Act (Cap. 386), article 378

378. (1) In regard to third partie s the ownership of, or other rights over, a thing contributed by an associate shall vest in the associating party. (2) In the relations of the parti es among themselves, saving any agreement that a thing contributed is to be restored in kind, t he associate shall, on the terminat ion of the association, be enti tled to the reimbursement of the v alue of his contribution. Only associating party acquires rights and assumes obligations.