The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-11-22
AN ACT
ARTICLE I-FoRMArIoN OF PARTNERSHIP.

ARTICLE I-FoRMATIoN PARTNERSHIP,
SECTION l. A partnership may formed between two
persons for transaction of any lawful business
special partnership may be formed between
persons called general partners, and persons
called special partners, for the transaction of any business
. Persons DESTROYS forming special partner
ship must severally sign certificate stating:
FirstThe under which the partnership is be
Quoted
Second-The general nature of the intended
be transacted and the place places where such business
to be ansacted giving possible the street and number
the street.
TrdThe of all the partners aud the residence of
each; specifying which general and which special
partners.
Fourth-The amount capital which special partner
has contributed to the stock
Fifh-The periods at which such partnership will begin
and end.
SECTION g. Certificates under the last section must be
acknowledged by all the partners before officer author
lied take Acknowledgements of deeds, and filed in the
office the Minister of the INTERIOR shall preserve the
and keep record of the same which shall be duly
ndexed Such certificate record and iudex SHALL during all
business hours be open the inspection of the public free
of charge fee of fifty shall be charged for each
signed any such certificate any false statement
is made any such certificate, all the persons interested in
partnership shall be liable general partners for all
the liabilities thereof
T. An affidavit of each of the partners stating
specified the certificate of partnership
having Deen contributed OF Specll
have been actually paid in the lawful of the Kingdom
must be filed with the certificate above mentioned.
No special partnership is formed until the
provisions of the last four Sections complied with
SECTION The certificate mentioned this article,
of its substance, except the amount of capital
rbuted by any special partner, must be published in at
least newspapers printed in the English language, in
Honolulu week, for weeks beginning
within week from the time of filing the certificate. In
such publication is not made the partnership must be
deemed general.
SECTION L An affidavit of the making of the publication
preceding section, made by the printer
publisher of the newspaper in which such publication is
made, may be filed with the original certificate above
toned shall be pra c evidence of the facts therein
stated.
ARTICLE n-PowERs RIGHTS AND DUTIES THE PARTNERS
The general partners only shall have authority
to transact the business of a special partnership.
SECTION O. special partner may all investigate
the partnership affairs and advise his partners their agents
to their management.
SECTION TO- special partner may lend money to the
partnership advance money for it, and take from
security Therefore aud secured
has rights any other CREDITOR but the
insolvency of the partnership all other claim which he may
have against must be postponed until all other creditors
satisfied.
SECTION II. In all matters relating special partner
ship its general partners may and be sued alone the
manner as if there special partners.
-. No special partner under any preence, may
withdraw any part of the capital invested by him in the part
nership during its continuance.
SECTION - special partner may receive such lawful
interest and such proportion of profits may agreed upon
if paid of the capital invested partnership by
him or some other special partner, and bound
fund the same to meet subsequent losses.
IA. If special partner withdraws capital from
the rm contrary the provisions of this Article thereby
becomes general partner.
ARTICLE III-LIABLrTY OF PARTNERS
SECTION IS The general partners special partnership
liable, to the partners in general part
nership
SECTION 16 The contribution of special partner to the
capital of the firm and the increase thereof liable for its
debts but he not otherwise liable therefor except as
follows
o If he has wiIulIy made nermitted Eae or mute