Examples of Scottish Partnership in a sentence
This section applies if an offence under section 1, 2 or 6 is committed by a body corporate or a Scottish partnership.
A company or Scottish partnership is prohibited from being a trustee of a trust scheme at any time when an individual who is a director of the company or a partner in the partnership is prohibited from being a trustee of the scheme by an order under section 3.
Before establishing a business relationship with a company (registered or unregistered as defined in the Unregistered Companies Regulations 2009 (SI 2009/2436)), a Limited Liability Partnership or a Scottish Partnership you must collect proof of registration or an excerpt of the register from the company, the unregistered company, or the limited liability partnership (as the case may be) or from the registrar (in the case of an eligible Scottish partnership) - reg.
In doing so, firms should keep written records made of the actions taken and any difficulties encountered.Firms are required to collect proof of company registration (or an excerpt from the register) before establishing a business relationship with certain legal entities including a company subject to the requirements of Part 21A of the Companies Act 2006, a limited liability partnership or an eligible Scottish partnership.
Where an offence under subsection (1) is committed by a Scottish partnership and it is proved to have been committed with the consent or connivance of, or to be attributable to neglect on the part of, a partner of the partnership, that partner (as well as the partnership) is guilty of the offence and is liable to be proceeded against and dealt with accordingly.
Where the Licensee is a Scottish partnership, the liabilities and obligations of the Licensee under this Licence shall subsist and remain in full force and effect notwithstanding any change or changes in the name or constitution of the partnership whether by the assumption of a new partner or partners or by any individual partner or partners ceasing to be such for any reason.
Where an offence under this section is committed by a Scottish partnership and is proved to have been committed with the consent or connivance of a partner, he as well as the partnership shall be guilty of the offence and shall be liable to be proceeded against and punished accordingly.
In this section “United Kingdom person” means a United Kingdom national, a Scottish partnership or a body incorporated under the law of a part of the United Kingdom.
Partners of a Scottish partnership are jointly and severally liable for the obligations of the firm.
This only applies where the partnership in question is a Scottish partnership where at least one partner is an individual or a general partnership governed by English law.