74
In forcePartnership formed under corresponding laws
Part 3Incorporated limited partnerships
Division 3Powers and liabilities of partnership
74 Partnership formed under corresponding laws
(1)
A partner in a partnership formed under a corresponding law may only be liable for a liability incurred by the partnership for an act that occurred in the Territory if the partner would be liable under that law had the act occurred in the place where the partnership was formed.
(2)
For subsection (1), a reference to an act includes a reference to:
(a)
the conduct of the partnership's business; or
(b)
an act (including omission) of:
(i)
the partnership; or
(ii)
a partner in the partnership; or
(iii)
an officer, employee or agent of the partnership or a partner in the partnership.
This Act’s bill:Second reading speech
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