New South Wales Consolidated Acts

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PARTNERSHIP ACT 1892 - SECT 61

Change in liability of limited partner

61 Change in liability of limited partner

(1) Any reduction in the liability of a limited partner caused by a reduction in the relevant amount shown in the Register in relation to the partner does not extend to any liability of the limited partnership that arose before the reduction is recorded in the Register.
(2) Any increase in the liability of a limited partner caused by an increase in the relevant amount shown in the Register in relation to the partner extends to any liability of the limited partnership that arose before the increase is recorded in the Register.



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