Acts and Regulations

P-5 - Partnerships and Business Names Registration Act

Full text
Definitions
1In this Act
“carry on business” and words of like import, in respect of a partnership, mean the doing of any act for the promotion or execution of any purpose for which the partnership is formed and, in respect of a person within the scope of section 9, mean the doing of any act for the promotion or execution of any purpose of his business;(faires des affaires)
“eligible profession” means a profession that is regulated by an Act of the Legislature; (profession admissible)
“extra-provincial limited liability partnership” means a partnership that is designated as an extra-provincial limited liability partnership under this Act;(société à responsabilité limitée extraprovinciale)
“firm” means the persons who have entered into partnership with one another;(firme)
“governing jurisdiction” , in relation to a partnership, means the jurisdiction whose law governs the interpretation of the partnership agreement by operation of law or through a provision in the partnership agreement or another document created by the partnership; (autorité législative compétente)
“liability insurance” means (assurance responsabilité)
(a) an insurance policy that meets the requirements determined by the governing body of the eligible profession for providing indemnity for professional liability claims, or
(b) any other method approved by the governing body of the eligible profession that ensures the availability of funds to pay professional liability claims;
“Minister” Repealed: 2002, c.29, s.12
“New Brunswick limited liability partnership” means a partnership that is designated as a New Brunswick limited liability partnership under this Act; (société à responsabilité limitée du Nouveau-Brunswick)
“partnership” means the relation that subsists between persons carrying on business in common with a view to profit;(société en nom collectif)
“professional liability claim” means a claim against a partner or an employee with respect to an act or omission committed by the partner or employee occurring in the ordinary course of practising an eligible profession in a New Brunswick limited liability partnership or an extra-provincial limited liability partnership; (demande d’indemnité pour faute professionnelle)
“proper office” Repealed: 1980, c.39, s.2
“registered” Repealed: 1980, c.39, s.2
“registrar” means the person appointed by the Lieutenant-Governor in Council under section 1.1 and includes a person appointed by Service New Brunswick under section 1.2.(registraire)
“registration district” Repealed: 1980, c.39, s.2
R.S., c.168, s.1; 1980, c.39, s.2; 1986, c.62, s.2; 1990, c.46, s.1; 2002, c.29, s.12; 2003, c.14, s.1; 2022, c.2, s.1
Definitions
1In this Act
“carry on business” and words of like import, in respect of a partnership, mean the doing of any act for the promotion or execution of any purpose for which the partnership is formed and, in respect of a person within the scope of section 9, mean the doing of any act for the promotion or execution of any purpose of his business;(faires des affaires)
“eligible profession” means a profession that is regulated by an Act of the Legislature; (profession admissible)
“extra-provincial limited liability partnership” means a partnership that is designated as an extra-provincial limited liability partnership under this Act;(société à responsabilité limitée extraprovinciale)
“firm” means the persons who have entered into partnership with one another;(firme)
“governing jurisdiction” , in relation to a partnership, means the jurisdiction whose law governs the interpretation of the partnership agreement by operation of law or through a provision in the partnership agreement or another document created by the partnership; (autorité législative compétente)
“liability insurance” means(assurance responsabilité)
(a) a policy of insurance that covers the payment of professional liability claims against a partner in or an employee of a limited liability partnership, or
(b) another method of ensuring the availability of funds to pay professional liability claims against partners in or employees of a limited liability partnership that is approved by the Lieutenant-Governor in Council;
“Minister” Repealed: 2002, c.29, s.12
“New Brunswick limited liability partnership” means a partnership that is designated as a New Brunswick limited liability partnership under this Act; (société à responsabilité limitée du Nouveau-Brunswick)
“partnership” means the relation that subsists between persons carrying on business in common with a view to profit;(société en nom collectif)
“professional liability claim” means a claim against a partner or an employee with respect to his or her negligence, wrongful act or omission, malpractice or misconduct occurring in the ordinary course of practising an eligible profession in a New Brunswick limited liability partnership or an extra-provincial limited liability partnership; (demande d’indemnité pour faute professionnelle)
“proper office” Repealed: 1980, c.39, s.2
“registered” Repealed: 1980, c.39, s.2
“registrar” means the person appointed by the Lieutenant-Governor in Council under section 1.1 and includes a person appointed by Service New Brunswick under section 1.2.(registraire)
“registration district” Repealed: 1980, c.39, s.2
R.S., c.168, s.1; 1980, c.39, s.2; 1986, c.62, s.2; 1990, c.46, s.1; 2002, c.29, s.12; 2003, c.14, s.1