Investment Limited Partnerships Act, 1994
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Interpretation. |
3.—In this Act unless the context otherwise requires— | |
“the Act of 1890” means the Partnership Act, 1890 ; | ||
“the Bank” means the Central Bank of Ireland; | ||
“the court” means the High Court; | ||
“custodian” means a person maintaining a place of business in the State, appointed pursuant to the partnership agreement, approved by the Bank under section 8 of this Act and discharging its functions in accordance with section 5 (1) (c) hereof; | ||
“general partner” means a person who has been admitted to an investment limited partnership as a general partner in accordance with the partnership agreement, and who shall be personally liable for the debts and obligations of the investment limited partnership; | ||
“investment limited partnership” means a partnership which holds a certificate of authorisation issued in accordance with this Act; | ||
“limited partner” means a person who has been admitted to an investment limited partnership as a limited partner in accordance with the partnership agreement and who shall, at the time of entering into such partnership, contribute or undertake to contribute a stated amount to the capital of the partnership and, except as provided by sections 6 , 12 , 20 and 38 of this Act, shall not be liable for the debts or obligations of the investment limited partnership beyond the amount so contributed or undertaken; | ||
“partner” means a limited partner or a general partner; | ||
“partnership agreement” means any valid written agreement of the partners governed by the law of the State and subject to the exclusive jurisdiction of the courts of the State, as to the affairs of an investment limited partnership and the conduct of its business as may be amended, supplemented or restated from time to time; | ||
“property” means real or personal property of whatever kind (including securities) and wherever located; | ||
“the Minister” means the Minister for Enterprise and Employment. |