59
In forceChange in liability of limited partner
Part 3Limited partnerships and incorporated limited partnerships
Division 4Limitation of liability of limited partners in limited partnership
59 Change in liability of limited partner
(1)
Any reduction in the liability of a limited partner caused by a reduction in the relevant amount shown in the Register in relation to the partner does not extend to any liability of the limited partnership that arose before the reduction was recorded in the Register.
(2)
Any increase in the liability of a limited partner caused by an increase in the relevant amount shown in the Register in relation to the partner extends to any liability of the limited partnership that arose before the increase was recorded in the Register.
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