Queensland Numbered Acts

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PARTNERSHIP AND OTHER ACTS AMENDMENT ACT 2004 No. 29 - SECT 13

13 Amendment of s 10 (Partner using credit of firm for private purposes)

(1) Section 10(1), 'Where'--

omit, insert--

'If'.

(2) Section 10(1), 'the firm', first mention--

omit, insert--

'a firm, other than an incorporated limited partnership,'.

(3) Section 10(2)--

omit, insert--

'(2) If a general partner pledges the credit of a firm that is an incorporated limited partnership for a purpose apparently not connected with the firm's ordinary course of business, the firm is not bound unless the general partner is in fact specially authorised by the firm.

'(3) This section does not affect any personal liability incurred by an individual general partner.'.


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