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{\info{\author marahare_d}{\operator blake_r}{\creatim\yr2004\mo10\dy11\hr10\min5}{\revtim\yr2006\mo2\dy7\hr13\min45}{\version23}{\edmins24}{\nofpages2}{\nofwords538}{\nofchars3070}{\*\company USP}{\nofcharsws3601}{\vern16391}}
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{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain 
\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 COOK ISLANDS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 INTERNATIONAL PARTNERSHIP AMENDMENT ACT}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid616302  1999}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 Title
\par 1. Short Title
\par 2. Interpretation
\par 3. Registration
\par 4. Certificate to be signed by general partners
\par 5. Registered office
\par 6.}{\fs24\lang2057\langfe1033\langnp2057\insrsid11282756\charrsid15205798  When limited partner}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par 7. General and limited partners and their liabilities
\par 8. Suits to be by and against}{\fs24\lang2057\langfe1033\langnp2057\insrsid11282756\charrsid15205798  general partners}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid15205798\charrsid15205798 -------------------------------------------------}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid346177 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 1999, No. 15
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid15205798 {\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 An Act to amend the International Partnership Act 1984
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 
\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 (25 March 1999
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid616302 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4407542 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
 by the Parliament of the Cook Islands in Session assembled, and by the authority of the same, as follows:
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par 1}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 Short Title}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
 This Act may be cited as the International Partnership Act 1999 and shall be deemed part of and read together with the International Partnership Act 1984 (hereinafter referred to as "the principal Act").
\par }\pard \ql \li0\ri0\widctlpar\tx1296\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4407542 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 2.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 Interpretation}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  Section 2 of the principal Act is amended by deleting the definition of "Trustee company" and substituting the following }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4407542 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
""Trustee company" means a company registered as a trustee company under the provisions of the Trustee Companies Act 1981-82 and includes a wholly owned subsidiary of a trustee company nominated pursuant to section 4A of the Trustee Companies Act 1981-82.
"
\par }\pard \ql \li0\ri0\widctlpar\tx1152\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4407542 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 3.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 R}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 egistration}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  Section 55 of the principal Act is amended, by deleting from paragraph (a) of subsection (1), the word "general".

\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8528404 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 4.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 Certificate to be singed by general partners}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  Section 58 of the principal Act is amended by deleting from paragraph (
b) of subsection (1), the word "form", and substituting the word "from".
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 5.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 Re}{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 g}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 istered office}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  Section 60 of the principal Act is amended}{\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
 by deleting the word "general"}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 6.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 When limited partner deemed liable}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
 Section 61 of the principal Act is repealed and the following section substituted }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\tx576\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }\pard \ql \li576\ri0\widctlpar\tx576\faauto\adjustright\rin0\lin576\itap0\pararsid6845319 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 "61.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 When limited partner deemed liabl}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 e}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  (1) if in carrying on the business of a limited partnership or in any contract connected therewith the name of a limited partner 
is used with that partner's consent or privity, that partner shall be deemed to be a general partner with respect to the contract or matter in which that partner's name was so used.
\par }\pard \ql \li0\ri0\widctlpar\tx864\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }\pard \ql \li576\ri0\widctlpar\tx864\faauto\adjustright\rin0\lin576\itap0\pararsid6845319 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 (2)}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 If in carrying on the business of a limited partnership or in carryin
g on any contract connected therewith a limited partner obligates the partnership without the express authority of general partners, that limited partner shall be personally liable for the obligation."
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid6845319\charrsid15205798 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 7.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
General and limited partners and their liabilities}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  Section 62 of the principal Act is repealed, and the following section substituted }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3417206 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 "62. }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
General and limited partners and their liabilities}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  (1) General partners shall be jointly and severally responsible as partners are now by law.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3417206 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
(2) Limited partners shall be liable to contribute in money or moneys worth to the certified sum, beyond which liability they shall not be responsible for any debt of the partnership except as provided by this Act.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3417206 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 (3) Where there is a dispute as to the w
orth of a limited partner's contribution, that dispute shall be determined by the Court or, oil application by the parties, by an arbitrator who shall be appointed by the Court on such terms and conditions as the Court thinks fit."
\par }\pard \ql \li0\ri0\widctlpar\tx1152\tx3024\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5843816 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 8.}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\ul\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 Suits to be by and against general partners}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798  Section 65 of the principal Act is amended by \endash 
\par 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid5843816 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 deleting from subsection (1) the words "section 66 paragraph (a)" and substituting the words "section 61"; and
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5843816 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid5843816 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid3541114\charrsid15205798  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 deleting from subsection (2), the words "section 66(a)", and substituting the words "section 61".
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3417206 {\fs24\lang2057\langfe1033\langnp2057\insrsid15205798 ---------------------------------}{\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3541114 {\fs24\lang2057\langfe1033\langnp2057\insrsid3417206\charrsid15205798 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3014869 {\fs24\insrsid3417206\charrsid15205798 This Act is administered by the Office of the Commissioner for Offshore Financial Services.
\par }}