Tasmanian Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PARTNERSHIP ACT 1891 - SECT 83

Dissolution not available in certain cases
(1)  Subject to the terms of any agreement between the partners in a limited partnership –
(a) a limited partner is not entitled to dissolve the partnership by notice; and
(b) the general partners or the other limited partners are not entitled to dissolve the partnership because a limited partner has allowed the partner's share of the partnership property to be charged for the partner's separate liabilities; and
(c) the death, bankruptcy or retirement or, in the case of a corporation, the dissolution of a limited partner does not dissolve the partnership.
(2)  The fact that a limited partner in a limited partnership or an incorporated limited partnership is declared to be suffering a mental illness and is incapable of managing the partner's affairs is not a ground for dissolution of the partnership by a Court unless the share and interest of the partner in the partnership cannot be otherwise ascertained or realised.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback