Corporate capacity limits: companies may not enter partnerships unless constitution expressly authorises it, and registration authorities must verify articles. A company entering into a partnership is prima facie ultra vires unless its memorandum and articles of association expressly authorise such partnership; ... Summary
Corporate capacity limits: companies may not enter partnerships unless constitution expressly authorises it, and registration authorities must verify articles.
A company entering into a partnership is prima facie ultra vires unless its memorandum and articles of association expressly authorise such partnership; corporate participation requires specially drafted articles to address difficulties in applying Partnership Act provisions, and registration authorities must examine company constitutions for appropriate enabling and remedial provisions before registering firms with corporate partners.
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