Partnership Act (amended)*
Long title not yet sourced from the legislative registry.
- Sponsor
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- Introduced
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- Royal assent
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- Final vote
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Legislative timeline
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Bill overview
Bill NS194, “Partnership Act (amended)*”, is a Nova Scotia bill from session assembly-60-session-2.
Its latest recorded status is “Passed”.
This overview is written automatically from the registry and vote records on this page and updates when they sync. It describes the bill's path, not its merits.
PLAIN-LANGUAGE SUMMARY
What you need to know
The Partnership Act (amended) bill, currently with Royal Assent, amends the existing Partnership Act in Nova Scotia. This means it updates the rules and regulations for partnerships in the province, likely clarifying or changing how partnerships are formed, managed, and dissolved. The exact changes are not specified, but the bill aims to modernize the Partnership Act to better suit the needs of businesses and individuals in Nova Scotia.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01This Act amends the Partnership Act to reflect changes in the way partnerships are formed and managed.
- 02A partnership is formed when two or more individuals agree to carry on a business in common with a view to profit.
- 03A partnership is bound by the acts of its partners, unless the partner is acting outside the scope of their authority.
- 04A partner may withdraw from a partnership by giving written notice to the other partners.
- 05Upon withdrawal, the withdrawing partner is entitled to receive their share of the partnership assets and liabilities.
Vote roll
No division has been recorded for this bill yet.