74Partnership formed under corresponding laws

74 Partnership formed under corresponding laws (1) A partner in a partnership formed under a corresponding law may only be liable for a liability incurred by the partnership for an act that occurred in the Territory if the partner would be liable under that law had the act occurred in the place where the partnership was formed. (2) For subsection (1), a reference to an act includes a reference to: (a) the conduct of the partnership's business; or (b) an act (including omission) of: (i) the partnership; or (ii) a partner in the partnership; or (iii) an officer, employee or agent of the partnership or a partner in the partnership. 75 Effect of sections 72 and 74 (1) To avoid doubt, sections 72 and 74 do not imply that a limited partner in an incorporated limited partnership: (a) has any liability; or (b) would, apart from those sections, have any liability, for an act occurred outside the Territory that the limited partner would not have if the act had occurred in the Territory. (2) In subsection (1): act has the same meaning as in section 72 or 74 (as the case requires).

Part 3 Incorporated limited partnerships Division 4 Winding up Partnership Act 1997 38 Division 4 Winding up