South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 10

10—Amendment of section 6—Partners bound by acts on behalf of firm

        (1)         Section 6(1)—delete "the firm" first occurring and substitute:

a firm other than an incorporated limited partnership

        (2)         Section 6—after subsection (1) insert:

        (2)         An act or instrument relating to the business of a firm that is an incorporated limited partnership, and done or executed in the firm-name, or in any other manner, showing an intention to bind the firm by any person authorised to bind the firm, whether a general partner or not, is (subject to section 9(3)) binding on the firm and all the general partners.

        (3)         Section 6(2)—redesignate current subsection (2) as subsection (3)



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