Part 5U.K.Work

Modifications etc. (not altering text)

C2Pt. 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))

C3Pt. 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 1E+W+SEmployment, etc.

PartnersE+W+S

46InterpretationE+W+S

(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.