53APowers of incorporated limited partnership

#### 53A Powers of incorporated limited partnership 53A Powers of incorporated limited partnership > > (1) An incorporated limited partnership has the legal capacity and powers of an individual and also all the powers of a body corporate including (for example) the power, whether within or outside New South Wales or outside Australia— > > > > > (a) to carry on the business of the partnership, or > > > > > (b) to enter into contracts or otherwise acquire rights or liabilities, or > > > > > (c) to create, confer, vary or cancel interests in the partnership, or > > > > > (d) to acquire, hold and dispose of real or personal property or an interest (whether beneficial or legal) in real or personal property, or > > > > > (e) to appoint agents and attorneys, and act as agent for other persons, or > > > > > (f) to form, and participate in the formation of, companies or incorporated limited partnerships, or > > > > > (g) to participate in partnerships, trusts, joint ventures or other associations and other arrangements for the sharing of profits, or > > > > > (h) to do such other things as it is authorised to do by or under this Act. > > > (2) The powers of an incorporated limited partnership may be limited by the partnership agreement. > > **ss 53A–53C:** Ins 2004 No 8, Sch 1 \[60\].