172
In forceValue of land-holdings held for a partnership
Chapter 3Landholder duty and corporate trustee duty
Part 1Landholder duty
Division 2Some basic concepts for landholder duty
Subdivision 3Some basic concepts about unencumbered values of land-holdings and property
172 Value of land-holdings held for a partnership
If an entity’s land-holdings include land-holdings held for a partnership of which the entity is a partner, the unencumbered value of those land-holdings must be included in working out the unencumbered value of the entity’s land-holdings regardless of the entity’s interest in the partnership.
This Act’s bill:Explanatory memorandum
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