Companies Act (Cap. 386), article 7

7. A partnership en nom collectif (referred to as a "partnership" in the following provisions of this Part) may be formed by two or more partners and operates under a partnership name and has its obligations guaranteed by the unlimited and jo int and several liability o f all the partners: Provided that no action shall lie against the individual partners unless the property of t he partnership has first been discussed: Provided further that where, and for as long as, none of the partners is either an individual or a body corporate which has its obligations guaranteed by the unlimited and joint and several liability of one or more of its members, the provisions of arti cle 7A shall also apply to that partnership. 18 CAP. 386.] COMP ANIES When none of the partners is an individual or a body corporate which has its obligations guaranteed by the unlimited and joint and several liability of one or more of its members. Added by: XXII. 2014.18.