(1) Subject to
subsection (3) and any express provision of this Act, the Partnership Act
(other than sections 10 to 12, 25, 28, 30(2) and (3), 32 to 34, 37, 38 and 40
to 57) applies to an incorporated limited partnership with the modifications
set out in section 9.
(2) For the purposes
of subsection (1), these provisions of the Partnership Act apply as follows
—
(a)
section 13(1) does not apply to an act done or instrument executed by a
limited partner;
(b)
sections 16, 19 and 27 do not apply to a limited partner;
(c)
section 18(1) does not apply where money or property is misapplied by a
limited partner;
(d)
section 22(1) does not apply to an admission or representation made by a
limited partner;
(e)
section 23 does not apply to notice given to a limited partner;
(f)
section 26 does not apply to an act of a limited partner.
(3) If a provision of
this Act relating to an incorporated 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 an incorporated limited partnership.