Limited Partnerships Act 2008

General - Derivative actions

85: Compromise, settlement or withdrawal of derivative action

You could also call this:

"Stopping or settling a court case you started as a limited partnership partner"

Illustration for Limited Partnerships Act 2008

If you are a partner in a limited partnership and you take someone to court, or you join a court case that is already happening, you need to get the Court's approval to settle or stop the case. You would have had to get the Court's permission to start or join the case in the first place, under section 82. The Court has to agree before you can settle, compromise or discontinue the proceedings.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139247.


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Part 2General
Derivative actions

85Compromise, settlement or withdrawal of derivative action

  1. No proceedings brought by a partner or in which a partner intervenes, as the case may be, with leave of the Court under section 82, may be settled or compromised or discontinued without the approval of the Court.

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