118Identification of incorporated limited partnerships

118 Identification of incorporated limited partnerships

(1) In this section, document includes any letter, notice, publication, written offer, contract, order for goods or services, invoice, bill of exchange, promissory note, cheque, negotiable instrument, endorsement, letter of credit, receipt and statement of account.

(2) Any document issued on behalf of an incorporated limited partnership in connection with the conduct of the partnership's business must contain in legible letters the words "An Incorporated Limited Partnership" (or the expression "L.P." or "LP" as an abbreviation) at the end of the firm-name of the partnership.

(3) A person who—

(a) issues or authorises the issue of a document in contravention of this section; or

(b) being a general partner in the incorporated limited partnership concerned—is aware that documents are being issued in contravention of this section—

is guilty of an offence and liable to a penalty not exceeding 20 penalty units.

(4) The certificate of registration of an incorporated limited partnership must be displayed at all times in a conspicuous position at the registered office of the partnership.

(5) If the certificate of registration is not so displayed, each general partner in the incorporated limited partnership is guilty of an offence and liable to a penalty not exceeding 20 penalty units.

S. 119 inserted by No. 99/2003 s. 4.