84Partnership is separate legal entity

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84 Partnership is separate legal entity

(1) An incorporated limited partnership—

(a) is a body corporate with legal personality separate from that of the partners in it and with perpetual succession; and

(b) may have a common seal; and

(2) The common seal of an incorporated limited partnership must be kept in such custody as the partnership directs and must not be used except as authorised by it.

S. 85 inserted by No. 99/2003 s. 4.