3. Constitution of limited partnership

Terms defined in s 2

• agreed contribution

  agreed contribution

  Defined · s 2

  “agreed contribution”, in relation to a limited partner, means any contribution (whether in the form of cash, property, services or otherwise) that the limited partner has agreed to make to the firm in the limited partner’s capacity as a partner;

  Open s 2
• corporation

  corporation

  Defined · s 2

  “corporation” means any body corporate formed or incorporated or existing in Singapore or outside Singapore and includes —(a)any limited liability partnership registered under the Limited Liability Partnerships Act 2005; and(b)any foreign company,but does not include —(c)any corporation sole;(d)any co-operative society; or(e)any registered trade union;

  Open s 2
• general partner

  general partner

  Defined · s 2

  “general partner” means any partner of a firm who is not a limited partner as defined in this Act;

  Open s 2
• individual

  individual

  Defined · s 2

  “individual” means a natural person and includes an administrator, executor, a liquidator, trustee, or nominee of any person, guardian or committee having a direct control or management of any business but does not include a corporation;

  Open s 2
• limited partner

  limited partner

  Defined · s 2

  “limited partner”, in relation to a firm, means any partner who, under the terms of the partnership agreement, is not liable for the debts or obligations of the firm beyond the amount of the limited partner’s agreed contribution;

  Open s 2