Northern Territory Numbered Acts

PARTNERSHIP AMENDMENT (VENTURE CAPITAL FUNDS) ACT 2006 (NO 9 OF 2006) - SECT 20

(1)     Notice to a partner in a firm other than an incorporated limited partnership about the firm's affairs is taken to be notice to the firm if –

    (a)     the partner ordinarily acts in the firm's business; and

    (b)     the notice does not relate to a fraud on the firm committed by or with the consent of the partner.

(2)     Notice to a general partner in an incorporated limited partnership about the partnership's affairs is taken to be notice to the partnership if –

    (a)     the general partner ordinarily acts in the partnership's business; and

    (b)     the notice does not relate to a fraud on the partnership committed by or with the consent of the general partner.