Partnership Act 1958
61Change in liability of limited partner
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61 Change in liability of limited partner
S. 61(1) amended by No. 99/2003 s. 6(7).
(1) Any reduction in the liability of a limited partner caused by a reduction in the relevant amount shown in the Register in relation to the partner does not extend to any liability of the limited partnership that arose before the reduction is recorded in the Register.
S. 61(2) amended by No. 99/2003 s. 6(7).
(2) Any increase in the liability of a limited partner caused by an increase in the relevant amount shown in the Register in relation to the partner extends to any liability of the limited partnership that arose before the increase is recorded in the Register.
S. 62 inserted by No. 43/1992 s. 5.