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Limited Partnerships Act 2008

General - Registers of limited partnerships

60: General partners must send written consent of new general partner to Registrar

You could also call this:

"Tell the Registrar when a new general partner joins"

Illustration for Limited Partnerships Act 2008

When you become a new general partner in a limited partnership, the other general partners must send a written consent to the Registrar. This consent must be sent within 10 working days of you becoming a general partner. The consent must be in the prescribed form, which is a special format that has been set out.

If the general partners do not send the written consent to the Registrar, they can get in trouble. Each general partner can be fined up to $10,000 if they do not comply with this rule. You can find more information about the rules that apply to limited partnerships in the Limited Partnerships Act 2008 and other related laws, such as the Criminal Procedure Act 2011.

The Registrar needs to receive the written consent so they can update their records. This helps keep track of who is a general partner in the limited partnership.

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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=DLM1139215.

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59: General partners must notify Registrar of any change in limited partnership details, or

"Tell the Registrar about changes to your limited partnership's details within 10 working days."

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61: Rectification or correction of register, or

"Fixing mistakes in the limited partnership register"

Part 2General
Registers of limited partnerships

60General partners must send written consent of new general partner to Registrar

  1. The general partners must send to the Registrar the written consent of a new general partner to becoming a general partner of the limited partnership.

  2. The change must be notified within 10 working days of the new general partner becoming a general partner of the limited partnership.

  3. The consent must be in the prescribed form.

  4. If the general partners fail to comply with this section, each general partner commits an offence and is liable on conviction to a fine not exceeding $10,000.

Notes
  • Section 60(4): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).