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 42
Where one partner has paid a premium to another on entering into a partnership for a fixed term, and the partnership is dissolved before the expiration of that term otherwise than by the death of a partner, the court may order the repayment of the premium, or of such part thereof as it thinks just, having regard to the terms of the partnership contract and to the length of time during which the partnership has continued; unless—
(a) the dissolution is, in the judgment of the court, wholly or chiefly due to the misconduct of the partner who paid the premium; or
(b) the partnership has been dissolved by an agreement containing no provision for a return of any part of the premium. Rights where partnership dissolved for fraud or misrepresentation
Malay text (authoritative)
Jika seorang pekongsi telah membayar premium Pengumpukepada pekongsi lain apabila memasuki suatu kan premium jika perkongperkongsıan bagı suatu tempoh tetap, dan perkongsıan sian dibu- ıtu dıbubarkan sebelum tamat tempoh itu selain barkan daripada dengan kematian seorang pekongsi, pramasa. mahkamah boleh memerintahkan pembayaran balik premium itu, atau sebahagian darinya sebagaimana difikirkan adil, setelah memberi perhatian kepada terma-terma kontrak perkongsian dan kepada jangka masa dalam mana perkongsian itu telah berterusan; melainkan-
(a) pembubaran itu, mengikut penghakiman mahkamah, adalah seluruhnya atau sebahagian besarnya disebabkan oleh salah laku pekongsi yang membayar premium itu, atau
(b) perkongsian itu telah dibubarkan dengan suatu perjanjian yang tidak mengandungi
[Bah. V, S. 42-44] peruntukan mengenai pemulangan apa-apa bahagian premium itu. Hak jika perkongsian dibubarkan kerana fraud atau salah nyataan.
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).
