Section 1012 — Partnership / company contract — definition
Statutory text (Thai original)
อันว่าสัญญาจัดตั้งห้างหุ้นส่วนหรือบริษัทนั้น คือสัญญาซึ่งบุคคลตั้งแต่สองคนขึ้นไปตกลงเข้ากันเพื่อกระทำกิจการร่วมกัน ด้วยประสงค์จะแบ่งปันกำไรอันจะพึงได้แต่กิจการที่ทำนั้น
Verbatim from the Royal Gazette / Office of the Council of State
คำแปลภาษาอังกฤษ
A contract for the organization of a partnership or company is a contract whereby two or more persons agree to unite for a common undertaking, with a view of sharing profit the profits which may be derived therefrom.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
Section 1012 is the umbrella definition for all Thai business associations: ordinary partnerships, limited partnerships, and limited companies. The shared element is the partnership contract — even a single-shareholder limited company derives from a constitutive deed approved by the registrar. The distinction between types is in subsequent sections: ordinary partnership (§1025+, no separate legal personality), registered partnership (§1064+, separate personality, unlimited partner liability), limited partnership (§1077+, mix), private limited company (§1096+, separate personality, shareholders limited to share value).
Supreme Court decisions interpreting this section
Showing decisions in our database that cite this section. The list updates automatically when new decisions are added.