Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 19
(1) A person who is admitted as a partner into an existing firm does not thereby become liable to the creditors of the firm for anything done before he became a partner.
(2) A partner who retires from a firm does not thereby cease to be liable for partnership debts or obligations incurred before his retirement.
(3) A retiring partner may be discharged from any existing liabilities by an agreement to that effect between himself and the members of the firm as newly constituted and the creditors, and this agreement may be either express or inferred as a fact from the course of dealing between the creditors and the firm as newly constituted. Revocation of continuing guarantee by change in firm
Malay text (authoritative)
(1) Seseorang yang diterima masuk : sebagai pekongsi di dalam suatu firma yang wujud tidak oleh kerana itu menjadi bertanggungan kepada pemiutangpemiutang firma itu bagi apa-apa yang dilakukan sebelum dıa menjadı seorang pekongsı. ma feorak ocko ker an oesara dari a dar uad, menanggung hutang atau obligasi perkongisan yang ditanggung sebelum dia bersara.
(3) Seorang pekongsi yang bersara boleh dilepaskan daripada sesuatu tanggungan yang wujud dengan dibuat suatu perjanjian bagi maksud itu di antaranya dengan anggota-anggota firma itu yang baru ditubuhkan dan pemiutang-pemiutang, dan perjanjian ini hendaklah sama ada ternyata atau disimpulkan sebagai suatu fakta daripada perjalanan urusniaga di antara pemiutang dan firma itu yang baru ditubuhkan.
Text as at 1 June 2000 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
