72Registration of dissolution or cessation of limited partnership

72 Registration of dissolution or cessation of limited partnership

72 Registration of dissolution or cessation of limited partnership

(1) If a limited partnership—

(a) is dissolved, or

(b) ceases to carry on business,

the general partners who were registered immediately before the dissolution or cessation must, as soon as practicable, lodge with the Registrar a notice of the dissolution or cessation, specifying the date on which it took effect.

Maximum penalty—10 penalty units.

(2) The notice must be in the form approved by the Registrar and contain the particulars required by the regulations or the approved form of notice.

(3) The Registrar is required to record in the Register the fact of the dissolution or cessation and the date on which it took effect.

ss 71–73: Ins 1991 No 48, Sch 1.