Limited Partnerships Act 1907
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Change 1
10F Failure to deliver confirmation statement
(1) If the general partners fail to comply with section 10D(1) an offence is committed by each general partner who is in default. (2) But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default. (3) Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if— (a) the managing officer is an individual who is in default, or (b) the managing officer is a legal entity that is in default and one of its managing officers is in default. (4) A person guilty of an offence under this section is liable on summary conviction— (a) in England and Wales, to a fine; (b) in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale. (5) The contravention continues until such time as the general partners have delivered the statement required by section 10D(1). (6) A general partner or managing officer is “in default” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.
10F Failure to deliver confirmation statement
(1) If the general partners fail to comply with section 10D(1) an offence is committed by each general partner who is in default. (2) But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default. (3) Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if— (a) the managing officer is an individual who is in default, or (b) the managing officer is a legal entity that is in default and one of its managing officers is in default. (4) A person guilty of an offence under this section is liable on summary conviction— (a) in England and Wales, to a fine; (b) in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale. (5) The contravention continues until such time as the general partners have delivered the statement required by section 10D(1). (6) A general partner or managing officer is “in default” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.
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