South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 54

54—Amendment of section 62—Liability for limited partnerships formed under corresponding laws

        (1)         Section 62(1), definition of "corresponding law —after "country" insert:

or jurisdiction

        (2)         Section 62(2)—delete "debt or obligation" and substitute:

liability

        (3)         Section 62(4)—after "country" insert:

or jurisdiction

        (4)         Section 62—after subsection (4) insert:

        (5)         This section is additional to, and does not derogate from, any rule of law under which recognition is or may be given to a limitation of liability of a partner in a partnership (including an external partnership).



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