South Australian Current Acts

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PARTNERSHIP ACT 1891 - SECT 49

49—Composition of limited partnership or incorporated limited partnership

        (1)         A limited partnership or incorporated limited partnership must have—

            (a)         at least one general partner; and

            (b)         at least one limited partner.

        (2)         A corporation may be a general partner or a limited partner in a limited partnership or incorporated limited partnership.

        (3)         A partnership (including an external partnership) may be a general partner or a limited partner in a limited partnership or incorporated limited partnership.


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