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Amendment of section 12 of Act of 1994
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15. Section 12 of the Act of 1994 is amended—
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(a) by the substitution of the following subsections for subsection (2):
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“(2) Subject to subsection (2A), every investment limited partnership shall use, at the end of its name, the words—
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(a) ‘investment limited partnership’ or the abbreviation ‘ILP’, or
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(b) in the Irish language, ‘Comhpháirtíocht Theoranta Infheistíochta’ or the abbreviation ‘CTI’,
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and the words and the abbreviation set out in paragraph (a) may be used interchangeably (and, likewise, the words and the abbreviation set out in paragraph (b) may be so used).
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(2A) In the circumstances, as provided for in section 8(4B)(a), in which an investment limited partnership is permitted to use its alternative foreign name, the investment limited partnership shall use, at the end of that name, the words ‘investment limited partnership’, being those words as expressed in the same language as the alternative foreign name is expressed in.”,
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and
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(b) by the deletion of subsections (3) and (4).
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