64Liability for limited partnerships formed under corresponding laws

#### 64 Liability for limited partnerships formed under corresponding laws 64 Liability for limited partnerships formed under corresponding laws > > (1) In this section— > > > > corresponding law means a law of another State, a Territory or another country or jurisdiction that is declared by the regulations to be a corresponding law for the purposes of this Part. > > > > recognised limited partnership means a partnership formed in accordance with a corresponding law. > > > (2) Any limitation under a corresponding law on the liability of a limited partner in a recognised limited partnership extends to any liability incurred in connection with the conduct of the partnership’s business in this State. > > > (3) The law of another State or a Territory may not be declared to be a corresponding law unless the Minister has certified to the Governor— > > > > > (a) that the provisions of the law are similar to the provisions of this Part, and > > > > > (b) that under that law the limitation of liability of limited partners in a limited partnership formed in accordance with this Part extends to any liability incurred in connection with the conduct of the partnership’s business in that State or Territory. > > > (4) The law of another country or jurisdiction may not be declared to be a corresponding law unless the Minister has certified to the Governor that the law provides for the limitation of liability for partners in certain partnerships. > > > (5) This section is additional to, and does not derogate from, any rule of law under which recognition is or may be given to a limitation of liability of a partner in a partnership (including an external partnership). > > **s 64:** Ins 1991 No 48, Sch 1. Am 2004 No 8, Sch 1 \[81\]–\[84\].