Partnership Act 1963
87Assumptions that may be made under s 86
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87 Assumptions that may be made under s 86 (1) A person may assume that the partnership agreement of the incorporated limited partnership has been complied with. (2) A person may assume that anyone who appears, from information provided by the incorporated limited partnership that is available to the public from the register, to be a general partner in the incorporated limited partnership— (a) is a general partner in the incorporated limited partnership; and (b) has authority to exercise the functions usually exercised by a general partner in an incorporated limited partnership.
(3) A person may assume that anyone who is held out by the incorporated limited partnership to be a general partner in, or an agent of, the incorporated limited partnership— (a) is a general partner in the incorporated limited partnership, or has been properly appointed as an agent of the incorporated limited partnership; and (b) has authority to exercise the functions usually exercised by a general partner in, or agent of, an incorporated limited (4) A person may assume that the general partners in, and agents of, the incorporated limited partnership properly exercise their functions in relation to the incorporated limited partnership. (5) A person may assume that a document has been properly executed by the incorporated limited partnership if the document appears to have been signed in accordance with section 85 (Execution of documents). (6) A person may assume that a document has been properly executed by the incorporated limited partnership if the incorporated limited partnership’s common seal appears to have been properly attached to the document. (7) A person may assume that a general partner in, or agent of, the incorporated limited partnership who has authority to issue a document or certified copy of a document on its behalf also has authority to warrant that the document is genuine or is a true copy. (8) Without limiting the generality of this section, the assumptions that may be made under this section apply for this section.