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135.(1) So much of section 4(2) of the Limited Partnerships Act 1907 as provides that a limited partnership [(other than a partnership carrying on the business of banking)]shall not consist of more than twenty persons shall not apply (a)to a partnership carrying on practice as solicitors and consisting of persons each of whom is a solicitor; (b)to a partnership carrying on practice as accountants and consisting of persons each of whom falls within Article 26(1); (c)to a partnership carrying on business as members of a recognised stock exchange and consisting of persons each of whom is a member of that exchange. (2) The Department may by regulations provide that so much of section 4(2) of the said Act of 1907 as provides that a limited partnership [(other than a partnership carrying on the business of banking)] shall not consist of more than twenty persons shall not apply to a partnership (other than one permitted by virtue of paragraph (1)) carrying on business of a description specified in the regulations, being a partnership of a description so specified. Arts.136144 amend ss.18, 63, 80, 86, 110, 127, 130, 137 of, and insert ss.103A, 319A in, 1960 c.22 (NI)
© 1978 Crown Copyright
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