law and policies

Law of the People's Republic of China on PartnershipsOrder of the People’s Republic of China No.55The Law of the People’s Republic of China on Partnerships, amended and adopted at the 23rd Meeting of the Standing Committee of the Tenth National People’s Congress of the People’s Republic of China on August 27, 2006, is hereby promulgated and shall go into effect as of June 1, 2007.Hu JintaoPresident of the People’s Republic of ChinaAugust 27, 2006 Law of the People’s Republic of China on Partnerships (Adopted at the 24th Meeting of the Standing Committee of the Eighth National People’s Congress on February 23, 1997 and amended at the 23rd Meeting of the Standing Committee of the Tenth National People’s Congress on August 27, 2006) Contents Chapter I General Provisions Chapter II General Partnerships Section 1 Establishment of a PartnershipSection 2 Property of a PartnershipSection 3 Management of Partnership AffairsSection 4 Relationship of a Partnership to a Third PartySection 5 Entering into and Retiring from a PartnershipSection 6 Specialized General Partnerships Chapter III Limited Liability Partnerships Chapter IV Dissolution and Liquidation of a Partnership Chapter V Legal Liability Chapter VI Supplementary Provisions Chapter I General Provisions Article 1 This Law is enacted in…