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Limited Partnerships Act 2008

General - Partners in limited partnership

18: Who may be partner

You could also call this:

"Who can be a partner in a limited partnership"

Illustration for Limited Partnerships Act 2008

You can be a general partner of a limited partnership, but you must follow the rules in section 8(4). You can also be a limited partner of a limited partnership. A partnership that follows the Partnership Law Act 2019 or a partnership from another country can be a partner of a limited partnership, as long as you follow the rules in section 8(4).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139159.

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19: General partner, or

"The person in charge of a limited partnership"

Part 2General
Partners in limited partnership

18Who may be partner

  1. Subject to section 8(4), any person may be a general partner of a limited partnership.

  2. Any person may be a limited partner of a limited partnership.

  3. Subject to subsection (1) and section 8(4), a partnership governed by the Partnership Law Act 2019 or an overseas limited partnership may be a partner of a limited partnership.

Notes
  • Section 18(1): amended, on , by section 6(1) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
  • Section 18(1): amended, on , by section 6(2) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
  • Section 18(1A): inserted, on , by section 6(3) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
  • Section 18(2): amended, on , by section 86 of the Partnership Law Act 2019 (2019 No 53).
  • Section 18(2): amended, on , by section 6(4) of the Limited Partnerships Amendment Act 2014 (2014 No 47).