NTIn ForceAct
Partnership Act 1997
16Joint and several liabilities for wrongs
Start here
Get a plain-English read of 16
Turn the raw legal text into a practical explanation grounded in Partnership Act 1997.
16 Joint and several liabilities for wrongs
(1) Each partner in a firm other than an incorporated limited partnership
is jointly and severally liable for a liability referred to in section 14(1)
or 15(1) incurred by the firm while the partner is that partner.
(2) Each general partner in an incorporated limited partnership is jointly
and severally liable for a liability referred to in section 14(2) or 15(2)
incurred by the partnership while the general partner is that general
partner.
(3) However, the general partner is only liable:
(a) to the extent to which the partnership cannot satisfy the
liability; or
(b) to a greater extent provided by the partnership agreement.