Singapore legislation
Section 6
Section 6
Limited partner not to take part in management of limited partnership
(1)
Subject to subsections (2), (3) and (4), a limited partner must not take part in the management of the limited partnership, and does not have power to bind the limited partnership.
(2)
If a limited partner takes part in the management of the limited partnership, the limited partner is liable for all debts and obligations of the limited partnership incurred while so taking part in the management as though the limited partner were a general partner.
(3)
A limited partner is not to be regarded as taking part in the management of the limited partnership for the purposes of this section solely by reason of the limited partner acting or attempting to act in one or more of the capacities specified in the First Schedule.
(4)
To avoid doubt, the enumeration of acts in the First Schedule —
is not exhaustive; and
does not create rights or powers of limited partners.