In a limited partnership, you have a general partner who is in charge of managing the partnership. This person is responsible for making decisions about how the partnership is run. They might also put some of their own money into the partnership, but they do not have to do this unless the partnership agreement says they must.
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 It might be out of date or be missing some parts.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=DLM1139160.
A general partner is responsible for the management of the limited partnership.
Subject to the partnership agreement, a general partner may, but does not have to, make a capital contribution to the limited partnership.
