122 Notification of information about partners

Changes in partnerships

122  Notification of information about partners

After section 8Q of the Limited Partnerships Act 1907 (inserted by section 119 of this Act) insert—

“Notification of information about partners
8R Duty to notify registrar of change in partners

(1)     The general partners in a limited partnership must give notice to the registrar if a person—

(a)     becomes a general partner or limited partner in the limited partnership, or

(b)     ceases to be a general partner or limited partner in the limited partnership.

(2)     A notice under subsection (1)(a) must contain the required information about the general partner or limited partner (see Part 2 of the Schedule).

(3)     A notice under subsection (1)(a) of a person becoming a general partner must contain a statement that the new general partner is not disqualified under the directors disqualification legislation (see section 8J(3)).

(4)     A notice under subsection (1)(a) of a legal entity becoming a general partner must be accompanied by a statement by the general partner specifying the name of its proposed registered officer, who must be an individual who meets the requirements in section 8K(1)(a) to (c).

(5)     A notice under subsection (1)(a) of a legal entity becoming

Powered by Lexis+®

Popular documents