12—Amendment of section 8—Effect of notice that firm will not be
bound by acts of partner
(1)
Section 8—delete "the firm" first occurring and substitute:
a firm other than a firm that is an incorporated limited partnership
(2)
Section 8—after its present contents as amended by this section (now to
be designated as subsection (1)) insert:
(2) If it has been
agreed by the partners in an incorporated limited partnership that any
restrictions are to be placed on the power (if any) of any one or more of them
to bind the firm, no act done in contravention of the agreement is binding on
the firm with respect to persons having notice of the agreement.