Miscellaneous amendments

46Time limits for sequestration of limited partnership

(1)

In section 8 of the 1985 Act (further provisions relating to presentation of petitions), for subsection (2) substitute—

“(2)

A petition for the sequestration of the estate of a limited partnership may be presented—

(a)

by a qualified creditor or qualified creditors only if the apparent insolvency founded on in the petition was constituted within 4 months (or such other period as may be prescribed) before the date of presentation of the petition, or

(b)

at any time by—

(i)

a temporary administrator,

(ii)

a member State liquidator appointed in main proceedings, or

(iii)

a trustee acting under a trust deed.”.

(2)

In section 8A of the 1985 Act (further provisions relating to debtor applications), for subsection (2) substitute—

“(2)

A debtor application made in relation to the estate of a limited partnership may be made—

(a)

at any time, or

(b)

within such time as may be prescribed.”.