Queensland Consolidated Acts Queensland Consolidated Acts(1) A limited partnership is a partnership, other than an incorporated limited partnership--
(a) that exists between 2 or more persons of whom 1 or more is or are a general partner or general partners and 1 or more is or are a limited partner or limited partners; and
(b) that is formed under this chapter.
(2) A corporate person may be a general partner or a limited partner in a limited partnership.