Partnerships Act

58. Role of limited partner to be restricted.

Edition: 2022-12-31 · In force

(1)A limited partner shall not take part in the management of the partnership business.

(2)A person who contravenes subsection (1) is personally liable for—

(a)any partnership obligation incurred as a result of the contravention; and

(b)any other partnership obligation incurred during the period of contravention.

(3)Nothing in subsection (1) shall prevent a limited partner from doing anything which is a permitted activity under the Fourth Schedule.