[6A Private fund limited partnerships: Actions by limited partners]
Limited Partnerships Act 1907 (1907 c 24) | Legislation

[6A  Private fund limited partnerships: Actions by limited partners]

[(A1)     A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6(3B).]

[(1)     A limited partner in a private fund limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner takes any action listed in subsection (2).

(2)     The actions are—

(a)     taking part in a decision about—

(i)     the variation of, or waiver of a term of, the partnership agreement or associated documents;

(ii)     whether the general nature of the partnership business should change;

(iii)     whether a person should become or cease to be a partner;

(iv)     whether the partnership should end or the term of the partnership should be extended;

(²ú)ÌýÌýÌýÌý appointing a person to wind up the partnership pursuant to section 6(3B);

(c)     enforcing an entitlement under the partnership agreement, provided that the entitlement does not

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