International Limited Partnership Order, 2000 · s 20th

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s 20th

JUNE I 2000

ff} voting as a limited partner on one or more of the following matters-

(i)

the dissolution and winding up of the ILP;

jii)

the purchase, sale, exchange, lease, mortgage, pledge or other acquisition or transfer of any asset by or on behalf of the ILP;

(iii)

the incurring or renewal of any indebtedness of the ILP;

(iv)

a change in the nature of the business of the ILP;

(vl the admission, removal or withdrawal of a general or limited partner and the continuation of the business of the ILP thereafter; or

[vi)

transactions in which one or more of the general partners have an actual or potential conflict of interest with one or more of the limited partners.

[5)

Subsection (4) does not import any implication that the possession or exercise of any other power of a limited partner necessarily constitutes the taking part by that partner in the business of the ILP.