Partnership Enterprise Law

Partnership Enterprise Law of the People's Republic of China (2006 Revision)

The current Partnership Enterprise Law, revised in 2006 and effective from 1 June 2007, establishes the unified framework for general partnerships, special general partnerships, and limited partnerships.

National law Curated excerpt 2006 revision
Issuing body
Standing Committee of the National People's Congress
Promulgation date
2006-08-27
Effective date
2007-06-01
Language status
Official bilingual
Topics
Partnership enterprises, Dissolution and liquidation
Version chain
Partnership Enterprise Law -> Partnership Enterprise Law (1997)
Bilingual

Text and Excerpts

The page clearly marks whether the text is full or a curated excerpt.

合伙企业法精选摘录

适用范围(第二条)

本法所称合伙企业,是指自然人、法人和其他组织依照本法在中国境内设立的普通合伙企业和有限合伙企业。

有限合伙人的维权权能(相关条文摘录)

有限合伙人可以在其在有限合伙企业中的利益受到侵害时,向有责任的合伙人主张权利或者提起诉讼。

债务清偿与破产(第九十二条摘录)

合伙企业不能清偿到期债务的,债权人可以依法向人民法院提出破产清算申请,也可以要求普通合伙人清偿。

Partnership Enterprise Law selected excerpt

Scope of application (Article 2)

For the purposes of this Law, a partnership enterprise means a general partnership enterprise or a limited partnership enterprise established in China by natural persons, legal persons, and other organizations in accordance with this Law.

Derivative protection for limited partners (excerpt)

The law allows a limited partner whose interests in the limited partnership are harmed to assert rights against the responsible partner or bring suit in accordance with the statute and the partnership agreement.

Debt payment and bankruptcy (Article 92 excerpt)

Where a partnership enterprise is unable to pay debts as they fall due, a creditor may apply to the people's court for bankruptcy liquidation, or may require the general partners to make payment.