Registration of dissolution or cessation of limited partnership
70 Registration of dissolution or cessation of limited partnership
If a limited partnership—
is dissolved; or
ceases to carry on business; or
ceases to be a limited partnership, the general partners who were registered immediately before the dissolution or cessation must, within 28 days of the dissolution or cessation, lodge with the Commission a notice, specifying the date on which it took effect. Maximum penalty: Maximum penalty: $1 250. Expiation fee: $160.
The notice must be in the form approved by the Commission and contain the particulars required by the regulations or the approved form of notice.
On receipt of a notice duly completed under this section, the
Commission will record in the Register the fact of the dissolution or cessation and the date on which it took effect.
This provision refers to the regulations (the regulations
). Made under this Act:
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.