Queensland Numbered Acts

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PARTNERSHIP AND OTHER ACTS AMENDMENT ACT 2004 No. 29 - SECT 20

20 Amendment of s 17 (Persons liable by 'holding out')

(1) Section 17(1), after 'particular firm'--

insert--

'that is a firm other than a limited partnership or incorporated limited partnership'.

(2) Section 17(1), 'any such'--

omit, insert--

'the'.

(3) Section 17(2), 'However, where'--

omit, insert--

'If'.

(4) Section 17(2), 'thereof'--

omit, insert--

'of that name'.

(5) Section 17(2), after 'liable'--

insert--

'under subsection (1) or (2)'.

(6) Section 17(2), as amended--

renumber as section 17(3).

(7) Section 17--

insert--

'(2) Everyone who by words spoken or written or by conduct represents himself or herself, or who knowingly suffers himself or herself to be represented, as a general partner in a particular firm that is a limited partnership or an incorporated limited partnership is liable as a general partner to anyone who has on the faith of the representation given credit to the firm, whether the representation has or has not been made or communicated to the person so giving credit by or with the knowledge of the apparent general partner making the representation or suffering it to be made.'.



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