Partnership and Other Acts Amendment Bill 2004 (Qld)

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Queensland

Partnership and Other Acts Amendment Bill 2004

Queensland

Partnership and Other Acts Amendment Bill 2004

Contents Page Part 1 Preliminary 1 Short title... eee ee 8 2 Commencement... .. 0.0.2... 00 cee cece eee ee 8 Part 2 Amendment of Partnership Act 1891 3 Act amended in pt2 andsch1...............0. 000 ee eee 8 4 Insertion of new ch 1 and pt1hdgs....................00. 8 5 Replacement of s 2 (Commencement of Act) ............... 9 2 Notes in text... 2.2.0... 2c eee eee 9 6 Amendment of s 3 (Interpretation clause) .................. 9 Insertion of newS4 2... eee 9 Insertion of newch 1, pt3 ......... 0.2 eee eee eee 10 Part 3 Application 5A Application of laws of partnership to limited partnerships and incorporated limited partnerships. . 10 9 Insertion of new ch 2 and pt1hdgs....................00. 10 10 Replacement of hdg............ 0002. c cee eee eee eee 11 11 Amendment of s 8 (Power of partner to bind the firm) ......... 11 12 Amendment of s 9 (Partners bound by acts on behalf of firm). . . 12 13 Amendment of s 10 (Partner using credit of firm for private PUrPOSES) wd eee 12 14 Amendment of s 11 (Effect of notice that firm will not be bound by acts of partner) ....... 2.0... eee 13 15 Amendment of s 12 (Liability of partners)................... 13 16 Amendment of s 13 (Liability of the firm for wrongs) .......... 14 17 Replacement of s 14 (Misapplication of money or property

received for or in custody of the firm)...................0.. 16 Partnership and Other Acts Amendment Bill 2004 19 21 2632 34363941 14 Misapplication of money or property received for or in custody of the firm .................0--0000.

Amendment of s 15 (Liability for wrongs joint and several) .....

Amendment of s 16 (Improper employment of trust property for partnership purposes) ............... 000. c cee eee eee