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Changing partnership function
28-04-2009, 10:52 PM
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I'm not sure if anyone will be able to help with this query as it requires specific knowledge of partnership law, but I thought it would be worth trying.

I am currently doing some company law coursework. I have to answer a question regarding a fictitious situation where there is conflict between the partners in a partership. Some of the partners want to change the function of the partnership but others don't. I know that according to the Limited Partnership Act, changes in the nature of a parternship require unanimous agreement between partners. However according to our case study, the partnership deed for this partnership says that resolutions shall be a agreed by a simple majority of partners present at a partnership meeting. Does this mean that in this case the partnership act is ignored?

If this is the case then a further complication exists as Limited Partners aren't allowed to attend ordinary partnership meetings according to the partnership deed. Does this then mean that they would have no way of voting?

Many thanks for any help
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