Clause 8

Notwithstanding section 32 of the Partnership Act (Cap. 391), a limited partner shall not be entitled to dissolve the partnership by notice.

Notwithstanding section 33(1) of the Partnership Act, a limited partnership shall not be dissolved by the death, dissolution, bankruptcy or liquidation of a limited partner.

Notwithstanding section 33(2) of the Partnership Act, the other partners shall not be entitled to dissolve the partnership by reason of any limited partner suffering his share of the partnership property to be charged for his separate debt.

Subsections (1), (2) and (3) shall apply subject to any agreement expressed or implied between the partners of a limited partnership.

The mental incapacity of a limited partner shall not be a ground for dissolution of the partnership by the court under section 35 of the Partnership Act (Cap. 391) unless the mentally incapacitated person’s share cannot be otherwise ascertained and realised.

In the event of the dissolution of a limited partnership, its affairs shall be wound up by the general partners unless the court otherwise orders.