International Limited Partnership Order, 2000 · s 8

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8.
Contribution of limited partner
(1)
Any contribution to be made by a limited partner to an international limited partnership may be in the form of money in any currency, any other property, or services.
(2)
Where the contribution of the limited partner is made or undertaken to be made otherwise than in cash -
(a)
there shall forthwith be assigned to that contribution or part of that contribution or to that intended contribution or part of that intended contribution, in accordance with the partnership agreement, a value to be known as a statutory value; and
(b)
the statutory value shall, for the purposes of this Order, be accepted as the value of that contribution or that part of the contribution or of that intended contribution or that part of the intended contribution, as the case may be.
(3)
Where an ILP proposes to make an invitation to the public of a partnership interest or other interest, sections 21 to 35 inclusive of the
International Business Companies Order, 2000, and the relevant Regulations made under that Order shall apply mutatis mutandis, as shall any exemptions given pursuant to those sections.
General provisions as to ILPs.

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s 8Contribution of limited partner

(1)

Any contribution to be made by a limited partner to an international limited partnership may be in the form of money in any currency, any other property, or services.

(2)

Where the contribution of the limited partner is made or undertaken to be made otherwise than in cash -

(a)

there shall forthwith be assigned to that contribution or part of that contribution or to that intended contribution or part of that intended contribution, in accordance with the partnership agreement, a value to be known as a statutory value; and

(b)

the statutory value shall, for the purposes of this Order, be accepted as the value of that contribution or that part of the contribution or of that intended contribution or that part of the intended contribution, as the case may be.

(3)

Where an ILP proposes to make an invitation to the public of a partnership interest or other interest, sections 21 to 35 inclusive of the

International Business Companies Order, 2000, and the relevant Regulations made under that Order shall apply mutatis mutandis, as shall any exemptions given pursuant to those sections.

General provisions as to ILPs.