Partnership Act 1963

A person may assume that the partnership agreement of the incorporated limited partnership has been complied with.

A person may assume that anyone who appears, from information provided by the incorporated limited partnership that is available to the public from the register, to be a general partner in the incorporated limited partnership—

is a general partner in the incorporated limited partnership; and

has authority to exercise the functions usually exercised by a general partner in an incorporated limited partnership.

A person may assume that anyone who is held out by the incorporated limited partnership to be a general partner in, or an agent of, the incorporated limited partnership—

is a general partner in the incorporated limited partnership, or has been properly appointed as an agent of the incorporated limited partnership; and

has authority to exercise the functions usually exercised by a general partner in, or agent of, an incorporated limited partnership.

A person may assume that the general partners in, and agents of, the incorporated limited partnership properly exercise their functions in relation to the incorporated limited partnership.

A person may assume that a document has been properly executed by the incorporated limited partnership if the document appears to have been signed in accordance with section 85 (Execution of documents).

A person may assume that a document has been properly executed by the incorporated limited partnership if the incorporated limited partnership’s common seal appears to have been properly attached to the document.

A person may assume that a general partner in, or agent of, the incorporated limited partnership who has authority to issue a document or certified copy of a document on its behalf also has authority to warrant that the document is genuine or is a true copy.

Without limiting the generality of this section, the assumptions that may be made under this section apply for this section.