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LIMITED PARTNERSHIPS ACT 2016 - SECT 122

122 .         Partnership Act 1895 amended

        (1)         This Part amends the Partnership Act 1895 .

        (2)         In section 3 insert in alphabetical order:


        incorporated limited partnership has the meaning given in the Limited Partnerships Act 2016 section 3;

        limited partnership has the meaning given in the Limited Partnerships Act 2016 section 3;


        (3)         In section 4 delete “This” and insert:


        (1)         Subject to subsections (2) and (3), this


        (4)         At the end of section 4 insert:


        (2)         This Act applies to a limited partnership to the extent and with the modifications set out in the Limited Partnerships Act 2016 section 6.

        (3)         This Act applies to an incorporated limited partnership to the extent and with the modifications set out in the Limited Partnerships Act 2016 sections 8 and 9.


        (5)         In section 7(1) delete “Partnership” and insert:


                Subject to subsection (3), partnership


        (6)         After section 7(2) insert:


        (3)         Partnership does not include the relation which subsists between —

            (a)         the partners in an incorporated limited partnership; or

            (b)         an incorporated limited partnership and its partners.




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