ACTIn ForceAct
Partnership Act 1963
54Incorporated limited partnership is separate legal entity
Start here
Get a plain-English read of 54
Turn the raw legal text into a practical explanation grounded in Partnership Act 1963.
54 Incorporated limited partnership is separate legal entity (1) An incorporated limited partnership— (a) is a corporation with legal personality separate from its partners and with perpetual succession; and (b) may have a common seal; and (c) may sue and be sued in its firm name. (2) The common seal of an incorporated limited partnership— (a) must be kept as the partnership directs; and (b) may only be used if the use is authorised by the partnership.