51
In forceIncorporated limited partnership is separate legal entity
Part 3Limited partnerships and incorporated limited partnerships
Division 2Nature and formation of limited partnerships and incorporated limited partnerships
51 Incorporated limited partnership is separate legal entity
(1)
An incorporated limited partnership—
(a)
is a body corporate with legal personality separate from that of the partners in it and with perpetual succession; and
(b)
may have a common seal; and
(c)
may sue and be sued in its firm-name.
(2)
The common seal of an incorporated limited partnership must be kept in such custody as the partnership directs and must not be used except as authorised by it.
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