s.51Changes in limited partnership
51
Section 51Part 6 — Limited Partnerships

Changes in limited partnership

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If, during the continuance of a limited partnership, any change is made or occurs in —
the firm name;
the general nature of the business;
the registered office;
the partners or the name of any partner;
the term of the partnership;
the sum contributed by any limited partner;
the liability of any partner by reason of that partner's becoming a limited instead of a general partner or a general instead of a limited partner;
the capital or shares thereof; or
any other matter specified in the declaration filed under section 49(1),
a declaration under the Voluntary Declarations Act (1998 Revision) by all the general partners specifying the nature of the change, shall within seven days of such change be filed with the Registrar.
If the declaration referred to in subsection (1) is not so filed, every partner shall thereafter and until it is filed be deemed to be a general partner.
If default is made in compliance with the requirements of this section, each of the partners commits an offence and is liable on conviction to a fine of five hundred dollars and a further fine of fifty dollars for each day during which the default continues.

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