Title
1 Short Title, etc
2 Interpretation
3 Saving for rules of equity and common law
Part 1
The general law relating to partners
Nature of partnership
4 Definition of partnership
5 Rules for determining existence of partnership
6 Rights of person lending or selling in consideration of share of profits in case of bankruptcy
7 Meaning of “firm”
Relations of partners to persons dealing with them
8 Power of partner to bind the firm
9 Partners bound by acts on behalf of firm
10 Partner using credit of firm for private purposes
11 Effect of notice that firm will not be bound by acts of partner
12 Liability of partners
13 Liability of the firm for wrongs
14 Misapplication of money received for firm, etc
15 Joint and several liability
16 Improper employment of trust property for partnership purposes
17 Persons liable by “holding out”
18 Admissions and representations of partners
19 Notice to acting partner to be notice to firm
20 Liabilities of incoming and outgoing partners
21 Revocation of continuing guaranty by change in firm
Relations of partners to one another
22 Variation by consent of terms of partnership
23 Partnership property
24 Property bought with partnership money
25 Conversion into personal estate of land held as partnership property
26 Procedure against partnership property for partner's separate judgment debt
27 Rules as to interests and duties of partners
28 Expulsion of partner
29 Retirement from partnership at will
30 Conditions of partnership where term continued over
31 Duty to render accounts, etc
32 Partners to account for private profits
33 Partner not to compete with firm
34 Rights of assignee of share of partnership
Dissolution of partnership and its consequences
35 Dissolution by expiration or notice
36 Dissolution by death, bankruptcy, or charge
37 Dissolution by illegality of partnership
38 Dissolution by the court
39 Rights of persons dealing with firm against apparent members
40 Right of partners to notify dissolution
41 Continuing authority of partners for purposes of winding up
42 Rights of partners as to application of partnership property
43 Apportionment of premium where partnership prematurely dissolved
44 Rights where partnership dissolved for fraud or misrepresentation
45 Right of outgoing partner to share profits made after dissolution
46 Retiring or deceased partner's share to be a debt
47 Distribution of assets on final settlement of accounts
Part 2
Special partnerships
[Repealed]
48 Part 1 not to affect special partnerships [Repealed]
49 Special partnerships may be formed, except for banking and insurance [Repealed]
50 General and special partners, and their liabilities [Repealed]
51 Certificates to be signed by partners [Repealed]
52 Style of partnership [Repealed]
53 When special partner deemed general partner [Repealed]
54 Certificates to be acknowledged and registered [Repealed]
55 False statement in certificate: partners liable as general partners [Repealed]
56 Copy of certificate to be published [Repealed]
57 Duration of partnerships [Repealed]
58 Certificate to be signed on renewal [Repealed]
59 Capital stock not to be withdrawn [Repealed]
60 When special partners liable to refund capital withdrawn [Repealed]
61 Suits to be by and against general partners [Repealed]
62 Dissolution, how effected [Repealed]
63 Cases not specially provided for [Repealed]
64 Accounting [Repealed]
65 Frauds by partners [Repealed]
66 Books of account to be kept, and to be open to inspection [Repealed]
67 Liability of special partners if books not kept, etc [Repealed]
Schedule
Enactments consolidated
Limited Partnerships Act 2008
Reprint notes