5Application of certain laws and rules of equity

5 Application of certain laws and rules of equity (1) The rules of equity and the common law applying to partnership continue in force except as far as they are inconsistent with this Act. (2) However, except as provided (expressly or by necessary implication) under this or another Act, the law relating to partnership does not apply in relation to an incorporated limited partnership, the partners in an incorporated limited partnership or the relationship between an incorporated limited partnership and its partners. Note A reference to an Act includes a reference to the statutory instruments made or in force under the Act, including regulations (see Legislation Act, s 104).