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Registry (Part I. of Principal Act).
Penalty on Partnerships exceeding a certain Number.
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III. The Fourth Section of the Principal Act shall be repealed, and in lieu thereof be it enacted as follows:
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If after the passing of this Act more than Twenty Persons carry on, in Partnership, any Trade or Business, having for its Object the Procurement of Gain to the Partnership, then, unless such Persons are included within One or more of the Classes following, (that is to say,)
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1. Are registered as a Company under the Principal Act;
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2. Are a Company incorporated or otherwise legally constituted by or in pursuance of some Act of Parliament, Royal Charter, or Letters Patent; or
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3. Are engaged in working Mines within and subject to the Jurisdiction of the Stannaries;
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Each one of the Persons so carrying on Business in Partnership together contrary to this Provision shall be severally liable for the Payment of the whole Debts of the Partnership, and may be sued for the same without the Joinder in the Action or Suit of any other Member of the Partnership.
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