(1) A limited partner shall not take part in the management of the partnership business, and shall not have power to bind the firm:
Provided that a limited partner may by himself or his agent at any time inspect the books of the firm and examine into the state and prospects of the partnership business, and may advise with the partners thereon. If a limited partner takes part in the management of the partnership business he shall be liable for all debts and obligations of the firm (including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890) incurred while he so takes part in the management as though he were a general partner.
(1A) Section 6A (actions by limited partners) makes provision supplementing subsection (1).
(2) A limited partnership shall not be dissolved by the death of a limited partner.
(2A) A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.
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