Investment Limited Partnerships Act, 1994

Register.

13.—(1) The general partner shall maintain or cause to be maintained at the registered office of the investment limited partnership a register of the names and addresses, amounts and dates of the contribution or contributions of each partner or the amounts undertaken to be contributed and the amounts and dates of any payments representing a return of any part of the contribution of any partner which register shall be updated within five days of the change in the particulars therein.

(2) The register described in subsection (1) shall be open to inspection by any partner or custodian of the investment limited partnership during business hours.

(3) The register described in subsection (1) shall be prima facie evidence of the matters which are by subsection (1) directed to be inserted therein.

(4) If default is made in compliance with the requirements of this section each general partner shall upon summary conviction incur a penalty of £1,000 for each day that such default continues and shall indemnify any person who thereby suffers any loss.