51
CurrentLiability for business conducted outside State
Part 4Incorporated limited partnerships
Division 5Liability of partner
51 Liability for business conducted outside State
The limitation on the liability of a limited partner in an incorporated limited partnership extends to any liability incurred —
(a)
in connection with the conduct of the partnership’s business outside this State; or
(b)
as a result of an act or omission outside this State of —
(i)
a partner in the partnership; or
(ii)
the partnership; or
(iii)
an officer, employee, agent or representative of the partnership or of a general partner in the partnership.
This Act’s bill:Explanatory memorandumSecond reading speech
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