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Registered office and name.
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12.—(1) An investment limited partnership shall at all times maintain a registered office in the State and a principal place of business in the State which may be at the same address, to which all communications and notices may be addressed.
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(2) Every investment limited partnership shall use the words “investment limited partnership” or the abbreviation “ilp” or in the Irish language “comhpháirtíocht theoranta infheistíochta” or the abbreviation “cti” at the end of its name, and those words and that abbreviation may be used interchangeably.
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(3) The name or a distinctive part of the name of a limited partner shall not form or be used as part of the name of an investment limited partnership.
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(4) A limited partner who knowingly permits his name or any distinctive part thereof to be used in the name of an investment limited partnership will be liable as if a general partner to any person who extends credit to that investment limited partnership without actual knowledge that the limited partner is not a general partner.
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(5) If default is made in compliance with the requirements of subsection (1) or (2) any partner who is in default shall be guilty of an offence.
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