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Definition of partnership.
25 & 26 Vict. c. 89.
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1.—(1) Partnership is the relation which subsists between persons carrying on a business in common with a view of profit.
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(2) But the relation between members of any company or association which is—
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(a) Registered as a company under the Companies Act, 1862, or any other Act of Parliament for the time being in force and relating to the registration of joint stock companies[2]
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(b) Formed or incorporated by or in pursuance of any other Act of Parliament or letters patent, or Royal Charter; or
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(c) A company engaged in working mines within and subject to the jurisdiction of the Stannaries:
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is not a partnership within the meaning of this Act.
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[2 See now 8 Edw. 7. c. 69, s. 286 of which repeals the Act of 1862.] |
