Partnership Act 1961 s 46
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 46
In settling accounts between the partners atter a dissolution of partnership, the following rules shall, subject to any agreement, be observed:
(a) losses, including losses and deficiencies of capital, shall be paid first out of profits, next out of capital and lastly, if necessary, by the partners individually in the proportion in which they were entitled to share profits; and
(b) the assets of the firm, including the sums, if any, contributed by the partners to make up losses or deficiencies of capital, shall be applied in the following manner and order:
(i) in paying the debts and liabilities of the firm to persons who are not partners therein;
(ii) in paying to cach partner rateably what is due from the firm to him for advances as distinguished from capital;
(iii) in paying to each partner rateably what is due from the firm to him in respect of capital; and
(iv) the ultimate residue, if any, shall be dıvidec among the partners in the proportion in whicl profits are divisible. Savings
Malay text (authoritative)
Dalam menyelesaikan akaun-akaun di antara Kaedahpekongsi-pekongsi selepas pembubaran perkongsian; kaedah bagi membahagikaedah-kaedah berikut hendaklah, tertakluk kepada kan aset apa-apa perjanjian, dipatuhi: setelah penyelesaian muktamad
(a) kerugian, termasuk kerugian dan kekurangan akan akaun. modal, hendaklah terlebih dahulu dibayar daripada keuntungan, kemudian daripada modal dan akhirnya, jika perlu, oleh pekongsipekongsi secara individu mengikut kadar yang mereka berhak berkongsi keuntungan; dan
(b) aset firma itu, termasuk jumlah, jika ada, yang dicarumkan oleh pekongsi untuk menggantikan 1 kerugian atau kekurangan modal, hendaklah digunakan dengan cara dan susunan berikut:
(i) bagi membayar hutang dan liabiliti firma itu kepada orang-orang yang bukan pekongsi di dalamnya;
[Bah. V, S. 46-47] • AktA 135
(ii) bagi membayar kepada setiap pekongsi menurut kadar apa yang kena dibayar oleh firma kepadanya bagi pendahuluan dengan dibezakan daripada modal;
(iii) bagi membayar setiap pekongsi menurut kadar apa yang kena dibayar oleh firma kepadanya berkenaan dengan modal; dan
(iv) residu terakhir, jika ada, hendaklah dibahagikan di antara pekongsipekongsi mengikut kadar yang keuntungan boleh dibahagikan. Kecualian. Akta 125.
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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).
