Limited Partnerships Act 2008

General - Partners in limited partnership

19B: Disqualified general partner still has duties or obligations under Act

You could also call this:

"Even if you're not allowed to be a general partner, you still have to follow the rules if you act like one."

Illustration for Limited Partnerships Act 2008

If you are disqualified from being a general partner, but you still act like one, you are considered a general partner when it comes to following the rules in the Limited Partnerships Act 2008. This means you have to do what the Act says a general partner must do. You have to meet the duties and obligations that the Act sets out for general partners of a limited partnership.

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Part 2General
Partners in limited partnership

19BDisqualified general partner still has duties or obligations under Act

  1. A person who is disqualified from being a general partner but who acts as a general partner is a general partner for the purposes of a provision of this Act that imposes a duty or an obligation on a general partner of a limited partnership.

Notes
  • Section 19B: inserted, on , by section 7 of the Limited Partnerships Amendment Act 2014 (2014 No 47).