C5C4C2C3C1 Part 5Work

Annotations:
Modifications etc. (not altering text)
C5

Pt. 5 excluded by 2005 c. 4, s. 63(4) (as inserted (15.7.2013) by Crime and Courts Act 2013 (c. 22), s. 61(3), Sch. 13 para. 10(3); S.I. 2013/1725, art. 2(g))

C4

Pt. 5 excluded by 2005 c. 4, s. 27(5A)(b) (as inserted (15.7.2013) by Crime and Courts Act 2013 (c. 22), s. 61(3), Sch. 13 para. 9; S.I. 2013/1725, art. 2(g))

C2

Pt. 5 excluded (coming into force in accordance with reg. 2(1) of the commencing S.I.) by Wales Act 2017 (c. 4), s. 71(4), Sch. 5 para. 5(4) (with Sch. 7 paras. 1, 6); S.I. 2017/351, reg. 2(2) [Editorial note: S.I. 2017/1282 was made under 2017 c. 4, Sch. 5 para. 7(1) and comes into force on 12.12.2017]

Chapter 1Employment, etc.

Partners

46Interpretation

1

This section applies for the purposes of sections 44 and 45.

2

“Partnership” and “firm” have the same meaning as in the Partnership Act 1890.

3

“Proposed firm” means persons proposing to form themselves into a partnership.

4

“LLP” means a limited liability partnership (within the meaning of the Limited Liability Partnerships Act 2000).

5

“Proposed LLP” means persons proposing to incorporate an LLP with themselves as members.

6

A reference to expelling a partner of a firm or a member of an LLP includes a reference to the termination of the person's position as such—

a

by the expiry of a period (including a period expiring by reference to an event or circumstance);

b

by an act of the person (including giving notice) in circumstances such that the person is entitled, because of the conduct of other partners or members, to terminate the position without notice;

c

(in the case of a partner of a firm) as a result of the dissolution of the partnership.

7

Subsection (6)(a) and (c) does not apply if, immediately after the termination, the position is renewed on the same terms.