Queensland Consolidated Acts

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PARTNERSHIP ACT 1891 - SECT 15

15 Liability for wrongs joint and several

(1) Every partner in a firm, other than an incorporated limited partnership, is liable jointly with the partner's copartners and also severally for everything for which the firm, while he or she is a partner in the firm, becomes liable under either section 13 or 14.

(2) Every general partner in an incorporated limited partnership is liable jointly with the other general partners in the incorporated limited partnership and also severally for everything for which the incorporated limited partnership, while the general partner is a general partner in the incorporated limited partnership, becomes liable under section 13(3) or 14(2).

(3) Despite subsection (2), a general partner in an incorporated limited partnership is only liable for any liability of the incorporated limited partnership referred to in the subsection--

(a) to the extent the incorporated limited partnership is unable to satisfy the liability; or
(b) to a greater extent provided by the partnership agreement.


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