Queensland Consolidated Acts

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PARTNERSHIP ACT 1891 - SECT 86

86 Limitation of liability of limited partners

(1) A limited partner has no liability for the liabilities of the incorporated limited partnership or of a general partner.

(2) Nothing in subsection (1) or section 92 or 93 stops--

(a) a contribution of capital or property made by a limited partner to the incorporated limited partnership being used; or
(b) an obligation of a limited partner to contribute capital or property to the incorporated limited partnership being enforced by any person to whom the obligation is owed;

in satisfaction of a liability of the partnership or of a general partner.

(3) This section is subject to section 87.



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