Limited partnerships act 1907, extracts
| Author | Elspeth Berry/Rebecca Parry |
| Pages | 601-602 |
Appendix 3
Limited Partnerships Act 1907, Extracts
6 MODIFICATIONS OF GENERAL LAW IN CASE OF LIMITED PARTNERSHIPS
(1) A limited partner shall not take part in the management of the partnership business, and shall not have power to bind the firm:
Provided that a limited partner may by himself or his agent at any time inspect the books of the firm and examine into the state and prospects of the partnership business, and may advise with the partners thereon.
If a limited partner takes part in the management of the partnership business he shall be liable for all debts and obligations of the firm incurred while he...
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