Queensland Consolidated Acts

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PARTNERSHIP ACT 1891 - SECT 72

72 Partnership is separate legal entity

(1) An incorporated limited partnership--

(a) is a body corporate with legal personality separate from that of the partners in it and with perpetual succession; and
(b) may have a common seal; and
(c) may sue and be sued in its firm-name.

(2) An incorporated limited partnership's common seal must be kept in the custody of a person nominated by the partnership and may be used only as authorised by the partnership.



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