New South Wales Consolidated Acts
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PARTNERSHIP ACT 1892 - SECT 53B
Partnership agreement
(1) There must at all times be a written partnership agreement between the
partners in an incorporated limited partnership.
(2) The interests of the
partners in an incorporated limited partnership and their rights and duties in
relation to the partnership are, subject to this Act, to be determined in
accordance with the agreement.
(3) A partnership agreement also has effect as
a contract between the incorporated limited partnership and each partner under
which the partnership and each of the partners agree to observe and perform
the agreement so far as it applies to them.
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