Victorian Consolidated Legislation

Partnership Act 1958 - SECT 84

Partnership is separate legal entity

84. 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.