(1) Subject to
subsection (4) and any express provision of this Act, the Partnership Act
(other than sections 10 to 12) applies to a limited partnership with the
modifications set out in this section.
(2) For the purposes
of subsection (1), these provisions of the Partnership Act apply as follows
—
(a)
section 22(1) does not apply to an admission or representation made by a
limited partner;
(b)
section 23 does not apply to notice given to a limited partner;
(c)
section 26 does not apply to an act of a limited partner;
(d)
section 27 does not apply to a limited partner.
(3) For the purposes
of subsection (1), the Partnership Act is to be read as if —
(a) a
reference in that Act to a partnership or a firm were a reference to a limited
partnership as defined in section 3; and
(b)
subject to paragraph (e), a reference in that Act to a partner were a
reference to a partner as defined in section 3; and
(c) a
reference in that Act to a firm-name were a reference to a firm name as
defined in section 3; and
(d) a
reference in section 16 or 24(2) of that Act to debts and obligations were a
reference to liability as defined in section 3; and
(e) a
reference in section 21(1) or 24(1) of that Act to a partner were a reference
to a general partner as defined in section 3.
(4) If a provision of
this Act relating to a limited partnership is inconsistent with a provision of
the Partnership Act —
(a) the
provision of this Act prevails; and
(b) the
other provision does not, to the extent of the inconsistency, have effect in
relation to a limited partnership.