South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 20

20—Amendment of section 16—Notice to acting partners to be notice to firm

        (1)         Section 16—after "any partner" insert:

in a firm other than a limited partnership or incorporated limited partnership

        (2)         Section 16—after its current contents as amended by this section (now to be designated as subsection (1)) insert:

        (2)         Notice to any general partner in a limited partnership or incorporated limited partnership who habitually acts in the partnership business of any matter relating to partnership affairs operates as notice to the firm except in the case of a fraud on the firm committed by or with the consent of that partner.



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