Proposals to which section 43(1)(k)(i) applies
44 Proposals to which section 43(1)(k)(i) applies
Section 43(1)(k)(i) applies to the following kinds of proposals in relation to an incorporated limited partnership —
a proposal involving a material change in the nature of the business of the partnership (including a change in, or departure from, any investment guidelines, policies or conditions relating to the business of the partnership);
a proposal for the adoption of a method for valuing some or all of the assets of the partnership (including a change to, replacement of or variation from that method);
a proposal for an extension or reduction in the period in which, under the partnership agreement, investments (or certain types of investments) can be made by the partnership, or for any approval or disapproval of investments that the partnership does not otherwise have a right to make;
a proposal relating to any actual or potential transaction or other matter involving any actual or potential conflict of interest;
a proposal relating to any actual or potential transaction, contract, arrangement or understanding between one or more of the partners in the partnership, or their associates, and a general partner in the partnership, the partnership or any associate of a general partner in the partnership or of the partnership;
a proposal for the delegation, waiver, release or variation of an authority, right, duty or obligation of a general partner in the partnership;
a proposal for the appointment or approval under the partnership agreement of any person as a senior executive of a general partner in the partnership or of an associate of a general partner in the partnership.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.