- 20 Marks
LRTB – APRIL 2024 – L2 – QB2 – Partnership Rules and Company Resolutions
Explain rules applying to partners absent a contrary agreement under Act 152, and differentiate general and special resolutions in company shareholder meetings
Question
a. Section 35(2) of the Incorporated Private Partnership Act, 1962 (Act 152) provides the rules that will apply to Partners in a Partnership in the absence of a Contrary Agreement. (15 Marks)
b. Differentiate between a General Resolution and a Special Resolution in relation to meetings of shareholders of Limited Liability Companies. (5 Marks)
[Total = 20 Marks]
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