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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order reforms the law relating to the maximum limit of 20 on the number of persons who can be members of partnerships (including limited partnerships), and of certain companies or associations. It does so by repealing Article 665 of the Companies (Northern Ireland) Order 1986 and amending section 4(2) of the Limited Partnerships Act 1907, thereby removing the maximum limits on the number of members in a partnership or limited partnership, company or association.