Part 4Incorporated limited partnerships

Part 4 — Incorporated limited partnerships

Division 1 — Nature, formation and membership

35. Nature of incorporated limited partnerships 29

36. Formation of incorporated limited partnerships 30

37. Composition of incorporated limited partnerships 30

38. Change in membership 31

39. Differences between partners 31

40. Agents 32

41. Partnership agreement 33

Division 2 — Management

42. Limited partner must not take part in management of incorporated limited partnership 33

43. When does limited partner take part in management? 34

44. Proposals to which section 43(1)(k)(i) applies 37

Division 3 — Registration

45. Application for registration 38

46. Registration 40

Division 4 — Lodgment of documents relating to registration

47. Evidence of status: on registration 42

48. Evidence of status: after registration 42

Division 5 — Liability of partner

49. Limitation of liability of limited partner 43

50. Effect on liability of change in status of partner 44

51. Liability for business conducted outside State 44

52. Liability under corresponding law 45

53. Effect of sections 51 and 52 45

Division 6 — Winding up