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 43
Where a partnership contract is rescinded on the ground of the traud or misrepresentation of one of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled—
(a) to a lien on, or right of retention of, the surplus of the partnership assets, after satistying the partnership habilities tor any sum of money paid by him for the purchase of a share in the partnership and for any capital contributed by him; and is
(b) to stand in the place of the creditors of the firm for any payments made by him in respect of the partnership liabilities; and
(c) to be indemnified by the person guilty of the fraud or making the representation against all the debts and liabilities of the firm.
Malay text (authoritative)
Jika sesuatu kontrak perkongsian dibatalkan atas alasan fraud atau salah nyataan salah satu pihak daripadanya, pıhak yang berhak membatalkan kontrak perkongsian itu adalah berhak, tanpa menjejaskan mana-mana hak lain-
(a) kepada lien ke atas, atau hak menyimpan, aset lebihan perkongsian, setelah menyelesaikan liabiliti perkongsian bagi sesuatu jumlah wang yang dibayar olehnya bagi membeli suatu bahagian dalam perkongsian itu dan bagi apaapa modal yang dicarumkan olehnya; dan hendaklah
(b) mengambil tempat pemiutang-pemiutang firma bagi apa-apa bayaran yang dibuat olehnya berkenaan dengan liabiliti perkongsian; dan
(c) ditanggung-rugi oleh orang yang bersalah kerana fraud atau yang membuat salah nyataan terhadap segala hutang dan liabiliti firma itu. Hak pekongsi
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).
