Companies Act (Cap. 386)

Companies Act (Cap. 386), article 53

Official PDF on legislation.mt

53. (1) A person, including a limited partner, who holds himself out as being a general partner shall be held liable unlimitedly and jointly and severally with the general partners for all the obligations contracted by the partnership. (2) The inclusion in the partnership-name of the name of a person who is not a general partner shall be taken into account by the court in determining whether such person is holding himself out as being a general partner. Contribution of limited partner not to include personal services.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.