PARTNERSHIP ACT 1891 - SECT 54 Incorporated limited partnership is separate legal entity
PARTNERSHIP ACT 1891 - SECT 54
Incorporated limited 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) The common seal of an incorporated limited partnership must be kept in such custody as the partnership directs and must not be used except as authorised by it.