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Limited Partnerships Act 2008
General
Liability of general partners
25: Debts and liabilities of limited partnership include overseas-connected debts and liabilities

Part 1:
Preliminary provisions

3Purpose of Act 4Interpretation 5Act binds the Crown

Part 2:
General

Part 3:
Overseas limited partnerships

104Overseas limited partnership must register 105Meaning of carrying on business 106Validity of transactions not affected 107Application for registration 108Registration of overseas limited partnership 109Use of name by overseas limited partnership 110Notification of changes relating to overseas limited partnership 111Rectification or correction of name or address of person authorised to accept service 112Annual return of overseas limited partnership 113Overseas limited partnership ceasing to carry on business in New Zealand 114Liquidation of overseas limited partnership

Part 4:
Miscellaneous

115Confidentiality of limited partner information 116Regulations 116AValidation of fees used to recover costs of other Companies Office registers, etc 117Part 2 of Partnership Act 1908 repealed 118Orders revoked 119Companies Act 1993 amended 120Privacy Act 1993 amended 121Other consequential amendments 122Transitional provision for special partnerships

Schedule 1:
Activities that do not constitute taking part in management of limited partnership

Schedule 2:
Information to be contained in annual return

Limited Partnerships Act 2008

General - Liability of general partners

25: Debts and liabilities of limited partnership include overseas-connected debts and liabilities

You could also call this:

"A limited partnership's debts include those from overseas business too."

Illustration for Limited Partnerships Act 2008

When you look at the debts and liabilities of a limited partnership, you need to include any debts or liabilities from business the partnership does overseas. This is what is meant in sections 26 to 31. You can find more information about this in the sections 26 to 31 part of the law.

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This page was last updated on 30 August 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139168.

Topics:

Business > Starting a businessBusiness > Industry rules

24: Change of partner status, or

"Switching from one type of partner to another in a business"

26: Joint and several liability of general partner for debts and liabilities, or

"General partners are responsible for paying the partnership's debts and liabilities."

Part 2General
Liability of general partners

25Debts and liabilities of limited partnership include overseas-connected debts and liabilities

In sections 26 to 31, the debts and liabilities of the limited partnership include any debt or liability of the limited partnership incurred in connection with the business of the limited partnership conducted overseas.