HRS 0425-0013 ANNOTATIONS

 

Case Notes

 

Each member of nonregistered partnership firm may be held liable for partnership debts and sued severally therefor.  9 H. 507; 22 H. 455, 457.

Only penalties for nonregistration of copartnership are fine and liability of one partner for all partnership debts, and where firm is defendant, plaintiff is relieved of consequences of nonjoinder of partner as defendant.  Unregistered partnership not liable for individual or personal debt of one partner.  11 H. 198.

Noncompliance with statute does not make partnership illegal and does not affect right of one partner to restrain late copartner from collecting assets contrary to their agreement. 11 H. 563; 22 H. 196, 198.