International Limited Partnership Order, 2000 · As enacted
Section 20th
Official textFrom Attorney General's Chambers, unchanged
JUNE I 2000
ff} voting as a limited partner on one or more of the following matters-
limited partner
"limited partner" means a person who has been admitted to an ILP as a limited partner and who has complied with section 6;
the dissolution and winding up of the ILP;
ILP
"ILP" means an international limited partnership, within the meaning of section 4;
jii)
the purchase, sale, exchange, lease, mortgage, pledge or other acquisition or transfer of any asset by or on behalf of the ILP;
the incurring or renewal of any indebtedness of the ILP;
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.
Terms defined in s 2
ILP
Defined · s 2"ILP" means an international limited partnership, within the meaning of section 4;
limited partner
Defined · s 2"limited partner" means a person who has been admitted to an ILP as a limited partner and who has complied with section 6;