New South Wales Consolidated Acts

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PARTNERSHIP ACT 1892 - SECT 53

Incorporated limited partnership is separate legal entity

53 Incorporated limited partnership is separate legal entity

(1) An incorporated limited partnership--
(a) is a body corporate with legal personality separate from that of the partners in it 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 must be kept in such custody as the partnership directs and must not be used except as authorised by it.



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