My bookmarksSign up free
← Partnership Act 1961

Partnership Act 1961 s 25

Partnership Act 1961 s 25

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 25

(1) A writ of execution shall not issue against any partnership property except on a judgment against the firm. (2) The courtmay on the application by summons of any judgment creditor of a partner, make an order charging that partner's interest in the partnership property and profits with payment of the amount of the judgment debt and interest thereon, and may, by the same or a subsequent order, appoint a receiver of that partner's share of profits (whether already declared or accruing), and of any other money which may be coming to him in respect of the partnership, and direct all accounts and inquiries, and give all other orders and directions, which might have been directed or given if the charge had been made in favour of the judgment creditor by the partner, or which the circumstances of the case may require. (3) The other partner or partners shall be at liberty at any time to redeem the interest charged, or, in case of a sale being directed, to purchase the same. Rules as to interests and duties of partners, subject to special agreement

Malay text (authoritative)

(1) Suatu writ pelaksanaan tidak boleh dikeluarkan terhadap sesuatu harta perkongsian kecuali atas suatu penghakiman terhadap firma itu. (2) Mahkamah boleh atas permohonan dengan saman oleh seseorang pemiutang penghakiman bagi seorang pekongsi, membuat suatu perintah mempertanggungkan kepentingan pekongsi itu di dalam harta dan keuntungan perkongsian dengan bayaran amaun hutang penghakiman dan bunga di atasnya, dan dengan perintah yang sama atau yang berikutnya, boleh melantik seorang penerima bagi bahagian keuntungan pekongsi itu (sama ada telah pun diisytiharkan atau masih terakru), dan bagi apa-apa wang lain yang akan diterımanya berkenaan dengan perkongsian itu, dan mengarahkan semua akaun dan sıasatan, dan memberı semua perintah dan arahan lain, yang mungkin telah diarahkan atau diberikan jika gadaian itu telah dibuat bagi kemudahan pemiutang penghakiman oleh pekongsi itu, atau mengikut kehendak hal-keadaan (3) Pekongsi atau pekongsi-pekongsi lain adalah bebas pada bila-bila masa untuk menebus kepentingan yang digadaikan, atau, jika kepentingan itu diarahkan supaya dijual, untuk membeli kepentingan itu. [Bah. IV, S. 26]

Read this section in the full act → · Open Part IV →

Find Act 135 on lom.agc.gov.my ↗

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