Part 2 – Limited partnerships etc Changes in partnerships Section 124: New general partners: transitional provision about officers
Similarly to section 120, this section is a transitional provision that requires existing limited partnerships to comply with the requirements that are being introduced by section 122 (Notification of information about partners) of this Act within a six-month period.
	By existing, this means limited partnerships that are registered before the Limited Partnership Act 1907 is amended by section 122.
	Information must be provided in a statement, as per section 124(2), on general partners who are legal entities and became a general partner before section 122 came into force but after registration of their limited partnership.
	The statement should contain information about their corporate managing officer. They must also either confirm that they do not have any corporate managing officers that are legal entities or, if they have more than one corporate managing officer that is a legal entity, the must provide a named contact for each managing officer.