Victorian Consolidated Legislation

Partnership Act 1958 - SECT 61

Change in liability of limited partner

61. Change in liability of limited partner





(1) Any reduction in the liability of a limited partner caused by a reduction
in the relevant amount shown in the Register in relation to the partner does
not extend to any liability of the limited partnership that arose before the
reduction is recorded in the Register.

(2) Any increase in the liability of a limited partner caused by an increase
in the relevant amount shown in the Register in relation to the partner
extends to any liability of the limited partnership that arose before the
increase is recorded in the Register.