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Limited Partnerships Act 2008
General
Agency
47: General partner is agent of limited partnership

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of fees used to recover costs of other Companies Office registers, etc 117Part 2 of Partnership Act 1908 repealed 118Orders revoked 119Companies Act 1993 amended 120Privacy Act 1993 amended 121Other consequential amendments 122Transitional provision for special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

47: General partner is agent of limited partnership

You could also call this:

"General partner makes decisions for the limited partnership"

Illustration for Limited Partnerships Act 2008

When you are part of a limited partnership, you need to know that a general partner acts on behalf of the partnership. A general partner is like an agent who makes decisions and takes actions for the partnership's business. This means the general partner has the power to do things that affect the partnership's business.

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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=DLM1139198.

Topics:

Business > Starting a businessBusiness > Industry rules

46: Limited partner not agent of limited partnership, general partner, or limited partner, or

"Limited partners can't make decisions for the partnership or other partners."

48: Notice to general partner is notice to limited partnership, or

"Telling a general partner something is the same as telling the whole partnership."

Part 2General
Agency

47General partner is agent of limited partnership

A general partner is the agent of the limited partnership for the purposes of the business of the limited partnership.