53Incorporated limited partnership is separate legal entity

#### 53 Incorporated limited partnership is separate legal entity 53 Incorporated limited partnership is separate legal entity > > (1) An incorporated limited partnership— > > > > > (a) is a body corporate with legal personality separate from that of the partners in it and with perpetual succession, and > > > > > (b) may have a common seal, and > > > > > (c) may sue and be sued in its firm-name. > > > (2) The common seal of an incorporated limited partnership must be kept in such custody as the partnership directs and must not be used except as authorised by it. > > **s 53:** Ins 1991 No 48, Sch 1. Subst 2004 No 8, Sch 1 \[60\].