ADVOKS GLOBAL · KENYA
Partnerships Act
14. Capital contribution by partner.
Edition: 2022-12-31 · In force
14. Capital contribution by partner.
(1)A partner may only—(a)contribute capital to the partnership; or(b)vary the amount of the partner’s capital contribution to the partnership, where all partners in the partnership agree.(2)A partner who contributes to the capital of a partnership is not entitled to interest on the contribution.(3)A partner who makes an advance to a partnership of an amount beyond his contribution to the capital of the partnership is entitled to receive interest from the partnership at the rate of three percent per annum with effect from the date of the advance where prevailing economic circumstances permit.