74Records of limited partnership

1. A limited partnership must keep the following records at its registered office:

2. the partnership agreement and all amendments to it:
3. minutes of all meetings and resolutions of the partners within the last 7 years:
4. the full name and residential address of—
   1. each current partner who is a natural person; and
   2. each current partner's director, partner, or general partner who is a natural person:
5. the name and address of each current partner who is not a natural person:
6. the last known names and addresses required by paragraphs (c) and (ca) in respect of each person who has ceased to be a partner within the last 7 years:
7. the capital accounts of each current and former partner for—
   1. the last 7 completed accounting periods of the limited partnership; or
   2. if 7 completed accounting periods have not elapsed since the limited partnership was first registered, the completed accounting periods since registration:
8. accounting records that—
   1. correctly record and explain the limited partnership’s transactions; and
   2. at any time enable the financial position of the limited partnership to be determined with reasonable accuracy:
9. the limited partnership’s financial statements prepared in accordance with section 75 (if any) for—
   1. the last 7 completed accounting periods of the limited partnership; or
   2. if 7 completed accounting periods have not elapsed since the limited partnership was first registered, the completed accounting periods since registration.

10. The references in subsection (1)(b) and (c) to 7 years and the references in subsection (1)(d) and (f) to 7 completed accounting periods include any lesser period that the Registrar may approve by notice in writing to the limited partnership.

11. The documents in subsection (1) must, subject to the partnership agreement, be available for inspection by any partner during ordinary business hours.

12. If the limited partnership fails to comply with the requirements of this section,—

13. the limited partnership commits an offence and is liable on conviction to a fine not exceeding $10,000; and
14. each general partner commits an offence and is liable on conviction to a fine not exceeding $10,000.