Free Trial

Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.


  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter VI. Law of the People’s Republic... > Entering into and Withdrawing from P...

Entering into and Withdrawing from Partnerships

Article 44 A person intending to enter into partnership shall obtain the consent of all original partners and shall conclude a written entering agreement according to law.

In concluding the entering agreement, the original partners shall inform the new partner of the business operations and financial condition of the partnership enterprise.

Article 45 A partner newly entering into the partnership shall enjoy the equal rights and undertake equal liabilities with the original partners. If, however, otherwise stipulated in the entering agreement, such stipulations shall prevail.

The new partner shall undertake joint liability for the debts of the partnership enterprise incurred before he enters into the partnership.


  

You are currently reading a PREVIEW of this book.

                                                                                                                    

Get instant access to over $1 million worth of books and videos.

  

Start a Free Trial


  
  • Safari Books Online
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint