Graw, Stephen (2011) Limited partnerships. In: Das, Milton, (ed.) Halsbury's Laws of Australia. LexisNexis Butterworths, pp. 556395-556416.
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[Extract] Limited partnerships may be formed in all jurisdictions except the Australian Capital Territory and the Northern Territory. They are comprised of at least one limited partner and at least one general partner. Limited partners are partners who contribute to the capital of the partnership but who do not take part in its management, who cannot bind the firm and whose liability to contribute to the debts or obligations of the partnership is limited to their capital contribution. The obligations of the general partners in a limited partnership are similar to those of partners in an ordinary partnership and their liability is unlimited. Regulations may be made by the respective State Governors under the limited partnerships legislation.
|Item Type:||Book Chapter (Other)|
|Keywords:||partnership; contract law|
Title 305: Partnerships and Joint Ventures.
This is a looseleaf publication. From publisher's website: "Halsbury's Laws of Australia is a legal encyclopaedia which provides a comprehensive overview of Australian law, and is a must-have reference tool for legal professionals in private and public sectors, librarians and students. The encyclopaedia's 89 titles cover both mainstream and little known legal subject areas of law."
|Date Deposited:||01 May 2012 03:49|
|FoR Codes:||18 LAW AND LEGAL STUDIES > 1801 Law > 180109 Corporations and Associations Law @ 100%|
|SEO Codes:||94 LAW, POLITICS AND COMMUNITY SERVICES > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified @ 100%|