11A
CurrentMeaning of interest in an unincorporated limited partnership
Part 1Preliminary
Division 2Definitions
Subdivision BSome defined terms and rules of interpretation
11A Meaning of interest in an unincorporated limited partnership
A person holds an interest in an unincorporated limited partnership if the person:
(a)
is in a position to control all or any of the voting power or potential voting power in the partnership; or
(b)
is entitled to any or all of the distributions of capital, assets or profits of the partnership on the dissolution of the partnership; or
(c)
is entitled to any or all of the distributions of capital, assets or profits of the partnership otherwise than on the dissolution of the partnership.
Note:
See also section 19 (tracing of substantial interests in corporations, trusts and unincorporated limited partnerships).
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