s 23
Unless the contrary intention appears, property bought with money belonging to the firm is deemed to have been bought on account of the firm. Conversion into personal estate of land held as partnership property
Partnership Act 1961 s 23
Partnership Act 1961 s 23
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.
Malay text (authoritative)
Melainkan jika ternyata niat sebaliknya, harta yang dibeli dibeli dengan wang kepunyaan firma adalah disifatkan dengan wang perkongsian. telah dibeli untuk firma itu. Menukar tanah yang dipegang sebagai harta perkongsian harta personal.
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).
What to look at next
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