S.L. 370.53 Art. 18Admission of additional limited partners.

Subject to the provisions of the Partnership Agreement, a

Special Limited Partnership Fund shall allow any number of partners to become limited partners in the Special Limited Partnership Fund. A person shall not be admitted as a limited partner in a Special Limited Partnership Fund except:

(a) in accordance with the provisions of the Partnership Agreement and subject to any prior approval by the Special Limited Partnership Fund required for such admission in terms of the Partnership Agreement and, or pursuant to regulation 5(1)(b)(iv); and

(b) by the execution of an agreement in writing with the Special Limited Partnership Fund and, or with such other partners as required by the Partnership Agreement.

Such admission shall be evidenced by the entry of the details of the new limited partners in the register of partners.