A limited partnership can do lots of things, just like any other business. You can think of it like a company that can carry on any business or activity, do any act, or enter into any transaction, as long as it follows the law. It has all the rights, powers, and privileges it needs to do these things, both in New Zealand and outside of New Zealand, as stated in the Limited Partnerships Act 2008 and other laws.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
This page was last updated on
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139146.
11: Limited partnership is separate legal person, or
"A limited partnership is like a separate person with its own rights and responsibilities."
13: Partnership agreement may restrict capacity and powers, or
"A partnership agreement can set rules about what a limited partnership can and can't do."
Subject to this Act, any other enactment, and the general law, a limited partnership has, both within and outside New Zealand,—
