45. Rules as to interests and duties of international partners subject to special agreement
The interests of international partners in the international partnership property and their rights and duties in relation to the international partnership shall be determined, subject to any express or implied agreement between the international partners, by the following rules —
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(a) all the international partners are entitled to share equally in the capital and profits of the business and shall contribute equally towards the losses whether of capital or otherwise sustained by the international partnership;
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(b) the international partnership shall indemnify every international partner in respect of payments made and personal liabilities incurred by him or her —
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(i) in the ordinary and proper conduct of the business of the international partnership, or
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(ii) in or about anything necessarily done for the preservation of the business or property of the international partnership;
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(c) an international partner making, for the purpose of the international partnership, any actual payment or advance beyond the amount of capital which he or she has agreed to subscribe is entitled to interest at the rate of 10% per annum from the date of the payment or advance;
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(d) an international partner is not entitled, before the ascertainment of profits, to interest on the capital subscribed by him or her;
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(e) every international partner may take part in the management of the international partnership business;
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(f) no international partner shall be entitled to remuneration for acting in the international partnership business;
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(g) a person shall not be introduced as an international partner without the consent of all existing international partners;
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(h) any difference arising as to ordinary matters connected with the international partnership business may be decided by a majority of the international partners but no change may be made in the nature of the international partnership business without the consent of all existing international partners; and
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(i) the international partnership books are to be kept at the registered office or the principal place of business of the international partnership and every international partner may, when he or she thinks fit, have access to and inspect and copy any of them.